By: Mahmoud Gamal
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) closed Monday’s trading session 0.6% higher at 3,694 points.
The banks segment topped gainers with 0.9%, backed by Dubai Islamic Bank which rose by 1.3%.
The real estate sector went up 0.14% in line with the 1.23% rise of Emaar Malls.
The DFM’s turnover stood at AED 156.22 million, after the trading volume exceeded 89.66 million shares that were traded through 2,003 transactions.
Despite the current slowdown at the DFM, some shares witnessed fluctuation that helped endorsing the main index’s performance, capital market analyst at Mena Corp Financial Services Essam Qssabiya told Mubasher.
Shuaa Capital’s intention to enter the Egyptian market caused fluctuations and volatility in the DFM, he noted.
Local shares at the DFM, namely those listed under the real estate segment, are expected to witness strong performance in line with the launch of Cityscape Global, which will be held from 11 to 13 September, the analyst added.
