By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) closed Thursday’s trading session in the green zone, backed by selective purchases of blue chips.
The general index added 0.96% or 33 points to reach 3,480.43 points.
The main index’s positive performance will not be confirmed unless it stabilises above 3,500 points amid increased purchases of blue chips, financial analyst Mahmoud Diab said.
The industrial sector added 3.34% after National Cement Co (NCC) grew 3.33%.
The banks sector advanced 1.52% due to a rise in GFH Financial Group and Dubai Islamic Bank (DIB) by 5.5% and 1.8%, respectively.
The real estate and investment sectors grew 1.26% and 0.61%, respectively, as Emaar Properties and DFM Company went up 1.1% and 0.8%, respectively.
Trading volume reached 286.83 million shares on Thursday, compared to 147.4 million shares on Wednesday. Turnover amounted to AED 397.75 million, compared to AED 263.27 million.
The index may approach the level of 3,600 points if it manages to rise above 3,570 points, Diab noted.
Translated by: Julian Nabil
