Dubai-Mubasher: Dubai Financial Market (DFM) managed to maintain the upward trend in Monday’s mid-session due to the rise of Dubai Islamic Bank, Emirates NBD and Emaar Properties.
The main gauge rose 0.18% or 5.4 points to reach 3,031.5 points by 12:20pm UAE time.
The UAE markets are expected to hold at their current levels amid a volatile trend that has been prevailing lately, analysts earlier told Mubasher.
The industrial sector rose 2.95% after National Cement Company added 2.95% to AED 3.48.
The banks sector advanced 0.22% after Dubai Islamic Bank and Emirates NBD levelled up 0.17% and 0.14%, respectively.
On the flipside, the telecom sector declined 1.19% as du fell 1.19% to AED 5.
The real estate sector retreated 0.01%, weighed by a drop in the stocks of Emaar Malls Group and Damac Properties.
Turnover reached AED 113.46 million after 95.2 million shares were traded through 1,650 transactions.
