By: Mahmoud Gamal
Dubai-Mubasher: The Dubai Financial Market (DFM) resumed its gains after two sessions of negative performance, backed by the rise of the real estate and banks sectors.
The DFMGI advanced 0.19% or 6.28 points to reach 3,329.71 points.
Although the market managed to close higher in today’s session, trading activity is still low, according to Raed Diab, Vice President of Investment Research Department in KAMCO.
The banks sector was the best performer after adding 0.3%, spurred by the rise of Dubai Islamic Bank (DIB) and GFH Holding.
The real estate sector levelled up 0.23% due to an increase in Emaar Malls Group, Emaar Properties and Union Properties.
Trading volume reached 163.61 million shares on Tuesday, compared to 238.15 million shares on Monday.
Turnover stood at AED 274.76 million, compared to AED 391.15 million.
The general index should close above 3,370 points to be able to rise to 3,600 points, Diab added.
Translated by: Julian Nabil
