DFM marks 1st rise in 9 sessions ahead of Eid on Sunday

Dubai – Mubasher: The Dubai Financial Market (DFM) closed Sunday in the green, breaking a nine-session falling streak to end on a positive note ahead of the Eid Al Adha holiday.

The DFMGI gained 0.44% or 12.47 points and closed at 2,815.79 points.

The consumer staples sector led risers, adding 2.1% after DXB's stock grew 3.34% to AED 0.35.

The banks sector increased 1.2% on the back of Emirates NBD's 2.25% gain to AED 9.1 and Dubai Islamic Bank's (DIB) 0.2% rise to AED 5.01.

The real estate sector also ended the session higher with 0.52%, backed by Drake & Scull International (DSI) which added 1.09% to AED 0.465, Arabtec Holding, DAMAC Properties, and Emaar Properties, which grew 1.04%, 0.96%, and 0.80%, respectively.

Turnover plunged to AED 39.88 million on Sunday versus AED 150.65 million on Thursday, while volume retreated 34.16 million shares traded against 76.52 million.

Emaar Properties' stock was the most active in terms of turnover with AED 9.93 million, while Salama Insurance topped the market in terms of volume with 7.08 million shares traded.

The UAE's twin markets will be closed for the Eid Al Adha holiday starting Monday, 20 August until Thursday, 23 August. Trading will resume on Sunday, 26 August.

Mubasher Contribution Time: 19-Aug-2018 11:18 (GMT)
Mubasher Last Update Time: 19-Aug-2018 11:18 (GMT)