Dubai-Mubasher: Dubai Financial Market (DFM) saw an upward trend in Wednesday’s early trades, backed by the positive performance of leading stocks of Arabtec Holding, Emaar Properties, Dubai Islamic Bank and Dubai Investments.
The general index gained 1.27% or 38.26 points to reach 3,049 points by 10:30am UAE time.
The UAE markets still lack catalysts amid the volatile global economy and oil prices, analysts told Mubasher on Wednesday.
The consumer staples sector topped risers after adding 3.2%, backed by Dubai Parks and Resorts which levelled up 3.6%.
The investment sector rose 2% as Dubai Investments and DFM Company increased 2% and 2.78%, respectively.
The real estate sector added 1.67% due to a rise in Emaar and Arabtec by 1.5% and 1.96% in a row.
The banks sector went up 0.67% as Dubai Islamic Bank and Amlak Finance grew 1.2% and 2.4%, respectively.
The telecom sector declined 0.4% as du fell to AED 4.98.
Turnover reached AED 54.6 million after 44 million shares were traded through 855 transactions.
