Mubasher: The benchmark index of Dubai Financial Market (DFM) posted its first weekly rise after three consecutive weeks in decline.
The index edged up by 0.09% or 3.02 points to reach 3,419.73 points by the week ended on 4 May when compared to the previous week.
The market’s trading volume increased to 1.33 billion shares, which is the highest level in two months, from 636.195 million in the prior week.
DFM’s turnover increased to AED 1.71 billion this week from 914.775 million.
The services sector topped gainers this week, on the back of the 12.50% jump of Amanat.
Meanwhile, the telecom segment led the decliners with 3.23%, dragged by du which fell by the same percentage.
The banks sector declined by 1.26%, in line with the 1.36% fall of Dubai Islamic Bank.
The market cap lost AED 1.05 billion ($287 million) to total ED 363.585 billion ($98.96 billion) this week from AED 364.64 billion ($99.25 billion) a week ago.
