Dubai-Mubasher: Dubai Financial Market (DFM) saw a positive performance in Monday’s early trades amid the rise of major stocks in the real estate and banks sectors, especially following the positive financials of Emirates NBD for the fiscal year 2015.
The main gauge rose 2.13% or 57.3 points to reach 2,742.2 points by 10:35am UAE time.
The UAE markets are expected to witness building new positions by investors as most stocks reached attractive price levels amid the drop of indexes, analysts told Mubasher.
The real estate sector topped gainers after adding 2.88%, while the banks, investment and telecom sectors went up 2.15%, 2.42% and 0.2%, respectively.
Arabtec Holding was the top riser after increasing 6.73%, followed by Emirates NBD, Emaar Properties, Dubai Islamic Bank and Dubai Investments at 5.6%, 2.73%, 1.92% and 1.86%, respectively.
The market saw trading of 82 million shares traded through 1,400 transactions, with turnover of AED 97 million.
