Dubai-Mubasher: Dubai Financial Market (DFM) reversed the bearish performance in Monday’s early trades, backed by the rise of blue-chip stocks led by Emaar Properties, Arabtec Holding and Dubai Islamic Bank.
The general index rose 0.53% or 15.34 points to reach 2,898 points by 10:25am UAE time.
The UAE markets are likely to see a negative performance in the short run, weighed by a state of anxiety due to absence of real catalysts that could support the markets, analysts earlier told Mubasher.
Turnover reached AED 34.7 million after 24 million shares were traded through 476,000 transactions.
The consumer staples sector went up 1.63% as Dubai Parks and Resorts gained 1.85%.
The investment sector advanced 0.8% after Dubai Investments and DFM Company increased 1.07% and 0.93%, respectively.
The banks sector levelled up 0.73%, backed by Dubai Islamic Bank and Amlak Finance which grew 1.48% and 0.89% in a row.
The real estate sector rose 0.35% as Arabtec and Emaar added 1.27% and 0.39%, respectively.
The transportation sector inched up 0.06%, while the telecom and industrial sectors remained unchanged.
