Dubai – Mubasher: The Dubai Financial Market (DFM) revived in June on the back of accelerating purchasing power into blue-chip stocks.
The DFM’s general index closed the month up by 1.46% at 2,658.63 points, gaining 38.30 points.
Moreover, the bourse’s market capitalisation closed June at AED 353.163 billion, adding AED 4.6 billion as compared to May.
The insurance sector jumped by 6.8% with Salama and Dar Al Takaful finishing the month up by 11.2% and 8.32%, respectively.
The telecommunication sector rose by 2.6%, backed by its sole stock du which increased by the same percentage.
Similarly, the real estate sector added 1.5% as Damac Properties and Emaar Malls grew 7.6% and 2.74%, respectively.
Meanwhile, the banks sector went up 1.6% on the back of the heavyweight Emirates NBD that added 2.25%.
The services sector levelled up as well by 1.8% on the back of Tabreed which soared 10.2%.
Additionally, the transportation sector closed last month up 0.22% as Air Arabia’s stock increased by 1.94%.
The DFM has seen nearly 1.88 billion shares in traded volume with a turnover of AED 2.59 billion.
