DFM rebounds on real estate stocks at open

Dubai-Mubasher: Dubai Financial Market (DFM) opened stronger on Monday, backed by most real estate stocks.

The DFMGI rose 0.3% or 9.9 points to reach 3,314.02 points by 10:46am UAE time.

The investment sector gained 0.7% as Dubai Investment advanced 0.9%.

The real estate sector levelled up 0.4%, spurred by Drake and Scull International, Emaar Properties and Arabtec Holding.

The banks sector grew 0.2% after Dubai Islamic Bank (DIB) went up 0.5%.

The market saw trading of 57.8 million shares through 627 transactions, with turnover of AED 53.8 million.  

Mubasher Contribution Time: 04-Apr-2016 06:28 (GMT)