Dubai-Mubasher: Dubai Financial Market (DFM) saw a bullish performance at close on Sunday, backed by blue-chip stocks in the real estate and banks sectors.
The market ended Wednesday in red pressured by selloffs on real estate and bank stocks. It closed Thursday on celebrating the Prophet’s Birthday.
The general index rose 0.75% or 23.6 points to reach 3,160.92 points at close.
Analysts told Mubasher earlier that the UAE markets were expected to hold at their current levels as investors in portfolios and funds seek to improve the annual closures.
Turnover reached AED 432.57 million on Sunday, compared to AED 489.1 million on Wednesday. Trading volume stood at 470.3 million shares, compared to 560 million shares.
The real estate sector grew 0.89% as Arabtec Holding and Emaar Properties advanced 2.42% and 1.05%, respectively.
The banks sector also gained 0.97% after Dubai Islamic Bank and Emirates NBD levelled up 1.3% and 1.37% in a row.
The investment sector increased 0.35% as Dubai Investments grew 0.49%.
On the flipside, the telecom sector declined 0.2% due to a drop in du by 0.2% to AED 5.06.
