Dubai – Mubasher: Dubai Financial Market (DFM) opened Monday in green, as it was affected positively by the rise in real estate shares, leaded by Arabtec and Emaar, beside the shares of Dubai Islamic Bank and Dubai Investments.
DFM main index rose by 1.12% or 35 points in early trading, reaching the level of 3.181.34 points.
DFM closed Sunday in red, with the weakest performance for more than 75 days, as the leading shares were hit by a red wave.
Investment sector topped the risers in morning trading with a 2.96 increase, thanked to the gains of Dubai Investments share and DFM which reached 2.05% and 3.77% respectively.
Real estate sector came second with a rise of 1.58%, due to the rise in Arabtec share by 4.67% and the gains of Emaar which reached 1.02%.
Telecom sector, also, surged by 1.02% ahead of the rise of Emirates Integrated Telecommunications Company (DU) share by AED 4.950.
Banking sector was the least among the gainers with a 0.69% increase, as Dubai Islamic Bank share moved 1.2% up, and the 3% rise in Amlak Finance share.
Morning trading volume reached 65.4 million shares exchanged in 1,100 trades, making a trading value of AED 68.86 million.
