By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance in the week which ended on 16 March, backed by the rise of blue chips topped by banks and real estate.
The DFMGI rose 0.03% or 1.16 points to reach 3,521.33 points.
The services sector rose 2.33% as Amanat Holdings added 2.6%.
The real estate sector grew 0.48% after Emaar Properties and Drake and Scull International (DSI) levelled up 2% and 1.3%, respectively.
Turnover amounted to AED 2.48 billion this week, compared to AED 1.91 million last week. Trading volume reached 1.7 billion shares, compared to 1.21 billion shares.
The UAE markets are still volatile, leading to a decline in stocks' price levels and liquidity, according to Jamal Ajaj, director of Al Sharhan Shares Centre in Abu Dhabi.
Investors are recommended to hold stocks with good returns and buy low-priced ones, Ajaj concluded.
Translated by: Julian Nabil
