By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) ended Thursday in the green on the back of strong buying of leading stocks and a recovery in oil prices, according to analysts.
The DFMGI made its biggest gain in 10 sessions, adding 1.18% or 40.48 points, and closing at 3472.38 points.
The consumer staples and discretionary sector went up 4.13%, with Dubai Parks nearing its highest level since inception by rising 4.22%.
Real estate grew 1.56%, with Arabtec and Emaar gaining 3.47% and 1.35%, respectively.
The investment and financial services sector came in third increasing 1.32% with Dubai Investments levelling up 0.9%.
The banks sector closed up 0.6%, on the back of Dubai Islamic Bank (DIB) which saw a similar gain.
Traded volume increased 42% to 171.24 million shares, compared to 120.62 million on Wednesday, while total turnover grew 11.68% to AED 237.65 million from AED 212.79 million shares in the previous session.
Translated by: Moslem Ali
