Dubai – Mubasher: Dubai Financial Market (DFM) ended Wednesday’s session in green, snapping a decline seen in early trade, backed by Arabtec and DIB stocks.
The main index rose by 0.17% or 5.3 points to close at 3,214.52 points; thus reversing a two-session losing run.
The stock market ended Tuesday’s session in red, dragged by real estate stocks mainly Arabtec and Emaar amid thin liquidity.
Wednesday’s traded value decreased to AED 197.46 million ($53.76 million), from AED 209 million ($57 million) yesterday. Traded volume also fell to 165.16 million shares from 169.2 million shares.
The banks sector led the way on gains, with a rise of 0.75%, backed by DIB that added 1.3%. Meanwhile, Emirates NBD remained unchanged.
The investment sector rose 0.08%, after DFM Company advanced by 0.89%. Dubai Investments kept flat.
The real estate sector tailed the list of gainers, with a slight rise of 0.07%, as Arabtec rose by 2.7%, while Emaar Malls and Union Properties sagged and Emaar remained unchanged.
On the negative front, the transport sector led losers, with a fall of 0.85%, hurt by Aramex and Air Arabia that lost 0.93% and 0.81%, respectively.
The telecom sector shut 0.4% lower due to du stock that saw the same decline to AED 5.
