Dubai-Mubasher: Dubai Financial Market (DFM) opened at a rise in Wednesday’s early trades to reverse the downward trend it saw for eight successive sessions, backed by the positive performance of real estate stocks led by Arabtec Holding, Emaar Properties and Dubai Islamic Bank (DIB).
The general index rose 0.85% or 24.7 points to reach 2,945.5 points by 10:30am UAE time.
The real estate sector advanced 1.27% as Arabtec and Emaar levelled up 2.34% and 1.02%, respectively.
The banks sector grew 0.86% after Dubai Islamic Bank and Amlak Finance increased 1.61% and 1.57% in a row.
The investment sector inched up 0.47% due to a rise in DFM Company by 1.8%.
On the flipside, the services sector retreated 0.6%. Meanwhile, the telecom sector remained unchanged.
The market saw trading of 111.66 million shares through 1,470 transactions, with turnover of AED 134.8 million.
