DFM continues weekly winning streak

Dubai-Mubasher: Dubai Financial Market (DFM) saw a positive performance for the fourth week in a row, backed by the investment, banks and real estate sectors.

The DFMGI rose 3.23% or 105.02 points to reach 3,355.24 points.

Turnover reached AED 5.65 billion ($1.54 billion) this week, compared to AED 6.9 billion ($1.87 billion) last week.

Trading volume stood at 4.5 billion shares, compared to 5.05 billion shares.

Market capitalisation grew to AED 297.03 billion ($80.85 billion), compared to AED 290.14 billion ($79 billion).

The investment sector topped gainers after adding 8.56% as GFH and Dubai Investments climbing 11.93% and 10.6% in a row.

The banks sector levelled up 0.47% as Emirates NBD and Commercial Bank of Dubai (CBD) rose 4.5% and 2%, respectively.

The real estate sector increased 4.61% after Etihad Properties, Arabtec Holding and Emaar Properties advanced 16.77%, 7.41% and 5.3% in a row.

The telecom sector gained 4.34% after du went up 4.34%.

MUBASHER Contribution Time: 10-Mar-2016 13:40 (GMT)