Dubai-Mubasher: Dubai Financial Market (DFM) saw an upward trend in Sunday’s early trades amid the positive performance of leading stocks in the real estate, banks and investment sectors.
The main gauge gained 0.06% or 1.7 points to reach 2,968.12 points by 10:35am UAE time
The UAE markets are expected to see fluctuations on Sunday amid anticipations for the annual financials, in addition to the geopolitical developments and declining oil prices, analysts told Mubasher.
The consumer staples sector rose 1.05%, backed by Tabreed which increased 3.67%.
The investment sector advanced 0.44% after Dubai Investments and DFM Company levelled up 0.53% and 0.9%, respectively.
The banks sector grew 0.12% due to a rise in Dubai Islamic Bank and Amlak Finance by 0.17% and 0.18% in a row.
The real estate sector recovered 0.1% as Arabtec Holding and Emaar Properties increased 0.87% and 0.4%, respectively.
On the flipside, the telecom sector fell 0.78% as du declined 0.78% to AED 5.07.
Turnover reached AED 57.26 million after 55 million shares were traded through 893 transactions.
