Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index grew 18.93 points, or 0.65%, to close at 2,944.67 points on Wednesday on the back of selective purchases.
The DFM’s trading volume reached 61.26 million shares, while the market’s liquidity hit AED 129.51 million.
The banks sector added 1.2%, as Emirates NBD went up 2.4% to AED 10.55, while Dubai Islamic Bank (DIB) rose 0.4% to AED 4.95.
The telecommunication sector and its only stock, du, gained 0.98% each.
The investment sector added 0.74% after Dubai Investments levelled up 1.01% to AED 2, whereas the transportation sector increased by 0.47%, as Aramex grew 1.18%.
Moreover, the real estate sector inched up 0.08% after Arabtec Holding and Emaar Properties gained 0.9% and 0.8%, respectively.
Analysts told Mubasher that the DFMGI may maintain its gains, as global markets recover following a statement by US President Donald Trump, in which he announced that his country is open to reaching an agreement with Iran, the Organization of Petroleum Exporting Countries’ (OPEC) third-largest producer.
