Dubai – Mubasher: The Dubai Financial Market (DFM) rose in Thursday’s early trading, supported by a collective rise by all sectors.
The main index leapt 0.9% or 31.5 points to the level 3,331.35 points.
Analysts expected the UAE markets to continue performing positively today, shadowing the recovery in oil and global markets, and the decision of the U.S. Federal Bank to keep interest rates at the same levels.
The real estate was the best performing sector with a rise of 1.47% as Emaar and Arabtec advanced 1.6% and 3.1% respectively.
Services also grew 1.4% thanks to a 1.9% increase in Amanat.
The banks sector advanced 0.45% with a rise of 0.5% in Dubai Islamic Bank.
The investment sector leapt 0.4% as Dubai investments rose 0.9%.
Trading volume reached 219.5 million shares exchanged at AED 262.2 million ($71.38 million) through 2,620 transactions.
The DFM declined yesterday by the end of trading, amid profit takings on most of blue chips.
Translated by: Elwy el-Manzalawy
