By: Mahmoud Gamal
Dubai-Mubasher: Dubai Financial Market (DFM) saw a bullish performance on Thursday, backed by most sectors.
The DFMGI gained 1.04% or 34.8 points to 3,386.14 points.
The market was backed by the purchases of attractive stocks, in addition to the rise of oil and Gulf markets, capital market analyst Nawaf Al-Ajmi said.
Trading volume reached 788.3 million shares on Thursday, compared to 720.15 million shares on Wednesday.
Turnover rose to AED 910.02 million from AED 778.7 million.
The consumer staples sector went up 1.7% as Shuaa Capital and Dubai Investments advanced 2.9% and 1.8% in a row.
The real estate sector rose 1.3% after Emaar Properties and Arabtec Holding levelled up 1.5% and 0.6% in a row.
The telecom sector grew 0.8% due to an increase in du by 0.8%.
The stocks reached attractive buying levels, but investors should be cautious as they trade in a pre-reporting season.
The DFMGI is technically going to maintain its upward trend, Al-Ajmi said, adding that the index is about to break above 3,400 points.
