Dubai-Mubasher: Dubai Financial Market (DFM) saw a positive performance on Thursday, the last trading session in 2015, due to the rise of Dubai Islamic Bank (DIB), and Drake and Scull International.
The general index gained 0.02% or 0.75 points to reach 3,151 points.
Turnover declined to AED 269.89 million ($73.5 million) on Thursday from AED 539 million ($146.74 million) on Wednesday. Trading volume rose to 238.52 million shares from 573.79 million shares.
The insurance sector advanced 0.86%, backed by Takaful Al Emarat Insurance Co which added 5.9%.
The transportation sector levelled up 0.78% after Gulf Navigation Holding grew 1.6%.
The investment sector increased 0.7% as Salam International Investment went up 5.8%.
The telecom sector recovered 0.2% due to a rise in du by 0.2%.
The real estate sector inched up 0.01% as Emaar Malls Group, and Drake and Scull International gained 1.47%.
On the flipside, the services, consumer staples and banks sector fell 0.59%, 0.46% and 0.32%, respectively.
The UAE markets are expected to be controlled by speculators amid anticipations of leading companies’ financial announcements, capital market analyst Amir Mansour.
Long-term investors are making use of stocks’ low attractive prices in sectors like real estate and banks.
