DFM opens higher on real estate stocks

Dubai-Mubasher: Dubai Financial Market (DFM) saw a positive performance in Wednesday’s early trades, spurred by Arabtec Holding and Emaar Properties.

The general index increased 0.8% or 26.8 points to reach 3,301.9 points by 11:00am UAE time.

Turnover reached AED 126.28 million after 104.7 million shares were traded through 1,381 transactions.

The consumer staples sector added 1.5% as Dubai Parks and Resorts levelled up 1.6%.

The real estate sector rose 0.14% after Arabtec Holding and Emaar Properties gained 1.2% each.

The banks sector grew 0.4%, supported by Dubai Islamic Bank (DIB) which added 1.06%.

On the flipside, the transportation, industrial and telecom sectors remained unchanged. 

Mubasher Contribution Time: 30-Mar-2016 06:55 (GMT)