Dubai-Mubasher: Dubai Financial Market (DFM) saw an upward trend on Thursday, spurred by the real estate and banks sectors led by Emaar Properties, Arabtec Holding and Dubai Islamic Bank.
The general index rose 0.71% or 21.2 points to reach 3,022.17 points by 10:30am UAE time.
The UAE markets are still witnessing negative performance due to traders’ anxiety after the drop in oil prices, analysts told Mubasher.
Turnover reached AED 48.8 million after 41.37 million shares were traded through 642 transactions.
The services sector topped gainers after adding 1.53%, backed by Amanat Holdings which advanced 2.07%.
The investment sector levelled up 1.4% due to an increase in Dubai Investments and DFM Company by 1.5% and 2.75%, respectively.
The real estate sector grew 1.01% as Emaar and Arabtec went up 0.37% and 0.97% in a row.
The banks sector gained 0.65% after Dubai Islamic Bank and Amlak Finance rose 1.23% and 1.63%, respectively.
The telecom sector retreated 0.6% as du fell to AED 4.95.
