By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index added 25.12 points, or 1%, to 2,545.65 points in a week, as investors felt positive sentiment regarding the outlook of the UAE economy's.
This optimism stemmed from the progress made in the trade talks between the US and China and the recovery in oil prices, vice president of Investment Research at KAMCO Raed Diab told Mubasher.
Over the week, market capitalisation increased by AED 593 million to AED 344.023 billion.
The industrial, consumer staples, and investment sectors jumped 15%, 11.4%, and 6.02%, respectively, as National Cement, DXB Entertainment, and Dubai Investments surged 15%, 13.3%, and 6.4%.
The insurance sector went up 5.6% after Salama gained 12.2%, while the banks sector grew 1.89%, as Emirates NBD and Dubai Islamic Bank (DIB) levelled up 2.25% and 2.01%, respectively.
On the other hand, the services sector lost 3.32% after Amanat Holdings retreated 4.5% to AED 1.05.
Translated by: Muhammad Khalid
