By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) ended Monday's session in the green.
The DFMGI added 0.75% or 26.56 points to reach 3,551.91 points.
Monday's rise is due to positive speculations target some of the leading stocks, technical analyst, Abdullah Al Aly, told Mubasher.
He added that despite the increase, the main index is still technically weak, as it did not approach the important resistance at 3,580 points.
The real estate sector topped gainers and added 1.07%, backed Arabtec and Emaar which climbed 1.9% and 0.7%, respectively.
The transport sector went up 0.46% after Air Arabia and Aramex levelled up 0.7% and 0.8%, respectively.
The banks sector went up 0.32% due to a rise in Emirates NBD and Dubai Islamic Bank (DIB) by 0.5% and 0.36%, respectively.
The market saw trading of 513.68 million shares compared to 309.20 million shares on Sunday, while turnover increased to AED 647.76 million from AED 400.47 million yesterday.
Al Aly expected that DFM will continue in the slight rise on Tuesday, advising traders not to increase positions nor expand in purchasing.
Translated by: Sara Ghali
