By: Mahmoud Gamal
Mubasher: The benchmark index of Dubai Financial Market rose by 1.63% or 59.06 points to reach 3,682.81 points by the week ended 9 February as compared to the week ended 2 February.
DFM’s good performance over the week is backed by the 4% rise of Emaar stock following the news of registering an amount of money as insurance in the financial statements which will be disclosed soon, according to capital market analyst Jamal Ajjaj.
Dubai Islamic Bank was also among the leading stocks that pushed DFM to the green zone, rising by 5.1%.
Liquidity increased to AED 2.96 billion by the end of this week from AED 2.64 billion in the previous week; trading volume also grew to 2.64 billion shares from 1.8 million.
The coming week is expected to see fluctuations as investors await the remaining companies to announce their financial statements, Ajjaj added.
