By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index grew 23.7 points, or 0.81%, to close at 2,965.51 points on Monday, pushed up by blue chips.
The DFM’s trading volume reached 265.2 million shares, while the market’s liquidity amounted to AED 344.47 million.
The UAE markets returned to profits today on the back of selective purchases on blue chips, topped by Air Arabia, which attracted 62% of the DFM’s liquidity, senior financial analyst at Mena Corp Issam Kassabieh told Mubasher.
However, these markets are still dominated by anticipation and cautiousness, as listed companies disclose their first-half financial results, Kassabieh added.
The investment sector added 1.42% after Dubai Investments rose 2% to AED 2.04, while the transportation sector increased by 1.3%, as Air Arabia gained 1.9% to AED 1.07.
The real estate sector also went up 1.16% after Emaar Properties added 1.34% to AED 5.28 and Damac Properties levelled up 1.84% to AED 2.22.
The banks sector grew 0.51%, as Emirates NBD and Dubai Islamic Bank (DIB) rose 0.5% and 1.4%, respectively.
On the other hand, the consumer staples sector declined 0.53% after DXB Entertainments shed 0.6% to AED 0.338.
Markets are expected to maintain their fluctuations until a positive news emerge, Kassabieh said.
Translated by: Muhammad Khalid
