DFM extends bull run propelled by Arabtec

Dubai-Mubasher: Dubai Financial Market (DFM) closed at a rise for the second session in a row on Wednesday, backed mainly by Arabtec Holding, in addition to Dubai Islamic Bank (DIB) and National Bank of Abu Dhabi (NBAD).

The general index rose 0.49% or 15.4 points to reach 3,150.25 points.

Turnover reached AED 539 million ($146.74 million) on Wednesday, up from AED 419.83 million ($114.3 million) on Tuesday. Trading volume also increased to 573.79 million shares, from 438 million shares.

The services sector increased 2.76% as Amanat Holding went up 3.9%.

The banks sector also levelled up 1.16% after Emirates NBD and DIB grew 4.79% and 0.16%, respectively.

The investment sector advanced 0.57% due to a rise in DFM Company by 1.65%.

On the flipside, the real estate sector retreated 0.07% as Emaar slid 0.17%.

MUBASHER Contribution Time: 30-Dec-2015 10:52 (GMT)