By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) ended in Sunday’s trading session in the green, backed by the build-up of new positions in some blue chips especially Arabtec Holding and Emaar Properties.
The main index rose 0.08% or 2.53 points to reach 3,320.92 points.
The services sector topped gainers with a 0.71% as Amanat Holdings went up 0.8%. The real estate sector also levelled up 0.8% due to a rise in Arabtec and Emaar by 3.8% and 0.8 respectively.
Some portfolio investors tended to increase their positions in blue chips, pushing the market to see gains in line with the rise of other GCC markets, according to capital market analyst Mohamed Al Hosni.
Investors still await the announcement of more third-quarter financials by real estate companies, following the disclosure of all banks’ quarterly results which saw a slight decline, technical analyst Salam Saeed told Mubasher.
On the flipside, the banks sector led losers after falling 0.1% as Dubai Islamic Bank (DIB) declined 0.6%.
The market saw trading of 285.84 million shares through 3,410, with a turnover of AED 380.90 million.
The market is likely to see a speculative trading before the disclosure period of third-quarter financials end, Saeed said.
Translated by: Julian Nabil
