DFM reverses losing streak, rises 1.15%

Dubai-Mubasher: Dubai Financial Market (DFM) closed in the green after six sessions of declined on Monday, backed by the real estate sector’s leading stocks, in addition to Dubai Islamic Bank (DIB) and du.

The main gauge rose 1.15% or 33.2 points to reach 2,916 points.

Turnover reached AED 345.46 million ($94.06 million) on Monday, compared to AED 319.27 million ($86.92 million) on Sunday. Trading volume stood at 262.6 million shares, compared to 228 million shares.

The real estate sector levelled up 2.07% after Arabtec Holding and Emaar Properties added 3.07% and 1.75%, respectively.

The telecom sector advanced 0.6% as du grew 0.6% to AED 5.

The banks sector levelled up 0.55% due to an increase in DIB and Emirates NBD by 1.3% and 0.43% in a row.

The investment sector rose 0.44% after DFM Company went up 1.85%. Meanwhile, Dubai Investments remained unchanged.

MUBASHER Contribution Time: 14-Dec-2015 10:45 (GMT)