By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance on Monday, making up for the losses it suffered in the past sessions.
The main index rose 1.22% or 41.38 points to reach 3,424.69 points.
The market’s gains were backed by selective purchases of blue chips, amid expectations that companies will post positive first-half financials, according to Eyad Al Bouriki, general manager of Al Ansari Financial Services.
Traders invested in attractive stocks which are valued at less than AED 1, Al Bouriki noted.
The real estate sector topped gainers with a 2.11% rise as Emaar Properties, Drake and Scull International (DSI), and Arabtec Holding went up 1.97%, 1.8%, and 1.74%, respectively.
The investment sector rose 15% as SHUAA Capital and Gulf General Investment Co levelled up 1.7% and 1.07%, respectively.
The banks sector increased 0.72% as GFH Financial Group and Dubai Islamic Bank (DIB) climbed 6.28% and 1.07%, respectively.
On the other hand, the services sector led losers with a 1.17% decline as Amanat declined 1.74%.
Trading volume reached 258.33 million shares on Monday, compared to 179.12 million shares on Sunday. Turnover amounted to AED 442.32 million, compared to AED 273.28 million.
Translated by: Julian Nabil
