Dubai-Mubasher: Dubai Financial Market (DFM) rebound from the downward trend it saw for two successive sessions on Wednesday, backed by the gains of Dubai Islamic Bank (DIB), Emirates NBD and Emaar Properties.
The DFMGI rose 2.02% or 54.64 points to reach 2,753 points.
The UAE markets are expected to see a positive performance on Wednesday as the oil prices rose and some investors intend to accumulate portofolios, analysts earlier told Mubasher.
Turnover rose to AED 479.6 million ($130.57 million) on Wednesday, compared to AED 291.8 million ($79.4 million) on Tuesday. Likewise, trading volume increased to 474.3 million shares from 259.5 million shares.
The banks sector led risers after growing 3.5%, followed by the real estate, telecom and investment sectors at 1.01%, 0.98% and 0.44% in a row.
On the stock-level, DIB was the best performer after gaining 5.3%, while Emirates NBD and Emaar Properties leveled up 3.06% and 1.97%. Meanwhile, Arabtec Holding declined 0.86%.
DFM recovers 55 pts on DIB, Emaar
MUBASHER Contribution Time: 27-Jan-2016 10:17
(GMT)
