Dubai – Mubasher: The Dubai Financial Market’s (DFM) index inched up 0.69 point, or 0.02%, to close at 2,813.91 points on Thursday, supported by selective purchases on blue-chip stocks.
The insurance sector was the top gainer with 1.66% as Takaful Emarat and Islamic Arab Insurance rose 7.33% and 2.6%, respectively.
Meanwhile, the goods sector advanced 1.4% after DXB Entertainments levelled up 1.6%.
In addition, the banks sector grew 0.31%, supported by the 2.6% increase in Commercial Bank of Dubai (CBD) which reported a 22% year-on-year net profit increase in the first quarter of 2019.
The investment sector went up 0.21% as Dubai Financial Market’s (DFM) stock added 0.86% to AED 0.825.
On the other hand, the services, transportation, and real estate sectors declined 1.3%, 1.09%, 0.18% after Aramex, National Central Cooling Company (Tabreed), and Emaar Properties retreated 1.44%, 1.9%, and 0.6%, respectively.
Dubai Islamic Bank’s (DIB) stock, which inched up 0.20%, led the DFM in terms of turnover with AED 56.71 million.
The DFM’s turnover amounted to AED 298.04 million after 233.96 million shares were exchanged through 3,266 transactions.
