Dubai-Mubasher: Dubai Financial Market (DFM) closed in the green on Tuesday, resuming its gains on selective purchases of blue chips especially in the banks and real estate sectors.
The main gauge gained 2.03% or 60.9 points to reach 3,064.84 points.
Turnover amounted to AED 580.46 million ($158.03 million) on Tuesday, compared to AED 268.86 million ($73.18 million) on Monday. Trading volume reached 519.56 million shares, compared to 293.59 million shares.
The investment sector advanced 3.65% due to a growth of 4.8% in Dubai Investment .
The real estate sector levelled up 2.25% as Emaar Properties and Arabtec Holding grew 3.29% and 0.94% in a row.
The banks sector went up 1.8% as Emirates NBD and Dubai Islamic Bank (DIB) jumped 2.2% and 1.56%, respectively.
On the flipside, the telecom sector was the only loser with a 1.7% decline after Etisalat retreated 1.7%.
Earlier analysts told Mubasher that the UAE stock markets are expected to see a positive performance on Tuesday amid recovery in Gulf markets and oil prices, in addition to a tendency of some portfolio investors to accumulate and make speculative bids on selective stocks that showed better financials.
The markets are likely to rebound amid news that an agreement on current oil prices will be signed soon between major producers, said capital market expert Ibrahim Al-Failakawi.
