By: Enas Bahgat
Dubai – Mubasher: The Dubai Financial Market (DFM) closed the week ended Thursday, 25 July, on a positive note, marking fourth consecutive weekly gain.
By the end of this week, the DFM’s general index rose by 3.17% to 2,850.69 points, gaining 87.71 points.
Trading volume amounted to 901.465 million shares this week, versus 824.067 million shares last week.
The bourse’s liquidity recorded 1.228 billion at the end of the week, compared to AED 1 billion in the week before.
Market capitalisation closed the week at AED 369.562 billion, gaining AED 7.993 billion.
The banks, the consumer goods, the investments, and the real estate sectors levelled up 1.07%, 4.83%, 3.6%, and 6.2%, respectively.
The real estate stocks, topped by Emaar Properties which jumped 5.7%, have pushed up the stock market this week.
The DFM has been seeing a positive performance in line with the announcement of listed-companies’ financial results for the first half of 2019, vice president at KAMCO Investment Co Raed Diab told Mubasher.
The bourse is expected to continue the upward trend over the coming period on the back of further disclosures of H1-19 financial results by companies, Diab said.
Translated by: Mai Ezz El-Din
