By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index inched up 0.75 points, or 0.03%, to close at 2,754.04 points on Tuesday, on the back of selective purchases of blue chips.
The insurance sector added 1.31%, as Salama grew 2.62% to AED 0.627, while the services sector went up 0.4%, as Tabreed surged 4.6% to AED 1.59, while the transportation sector gained 0.38% after Aramex and Air Arabia increased by 0.5% and 0.31%, respectively.
The banks sector rose 0.27%, as Al Salam Bank surged 2.15% to AED 1 and Dubai Islamic Bank (DIB) grew 0.57% to AED 5.28.
Arabtec Holding soared 3.26% to AED 1.9% and Damac Properties levelled up 1.01% to AED 2.
On the flip side, the consumer staples sector lost 1.27% and DXB Entertainments declined 1.41% to AED 0.35.
The telecommunication sector and its only stock, du, went down 0.4% each, while the real estate sector sank 0.2%, as Emaar Malls tumbled 2.73%
The DFM’s trading volume reached 149.46 million shares, while the market’s liquidity amounted to AED 155.75 million.
Investors are waiting for the quarterly disclosures of some companies, which can explain the selective purchases in the market, vice president of Investment Research at KAMCO Raed Diab told Mubasher.
Translated by: Muhammad Khalid
