By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) ended the volatile session in the green on Monday.
The general index rose 0.9% or 2.96 points to reach 3,280.92 points.
Speculators still control trades as many investors are shying away from the market due to their anxiety over US elections and the upcoming third-quarter financials of leading firms, capital market analyst Mohamed Al-Azmi told Mubasher.
Some stocks like Emaar Malls Group (EMG) attracted portfolio investors, the analyst noted.
The services sector topped gainers after adding 2.9%, backed by Tabreed, Amanat Holdings and DXB Entertainments which advanced 5.2%, 1.7% and 1.3% respectively.
The transportation sector increased 0.2% as Aramex went up 1.9%. Likewise, the real estate sector advanced 1.54% after EMG gained 1.54%.
On the flipside, the investment sector declined 0.35% as DFM Company and Dubai Investments slid 0.8% and 0.5% respectively.
Turnover reached AED 835.72 million on Monday, compared to AED 705.6 million on Sunday. Trading volume stood at 745.63 million shares, compared to 258.87 million shares.
The market is likely to see more fluctuations and instability, he said, adding that traders should not increase their positions till the end of this week.
Translated by: Julian Nabil
