By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance on Sunday on the back of building new positions in blue chips.
The DFMGI levelled up 0.53% or 19.53 points to reach 3,702.16 points.
The investment sector topped gainers with a 2.6% rise as DFM Company and Dubai Investments grew 8.6% and 1.6% respectively.
The real estate sector rose 0.62% as Drake and Scull International (DSI) and Emaar Properties climbed 2.5% and 1.33% respectively.
The banks sector went up 0.5% after Dubai Islamic Bank (DIB) added 0.28%. The insurance sector also gained 0.28% as Dar Al Takaful went up 4.35%.
On the flipside, the transportation sector led losers with a 1.28% decline, dragged down by Air Arabia which slid 3.15%.
Stability of the market at the current level shows that it still awaits new catalysts, in line with the volatile performance of blue-chips stocks, according to capital market analyst Mahmoud Abu Zeid.
The market is likely to fluctuate in the coming sessions will the vision becomes clearer, Abu Zeid added.
The main index needs to approach 3,750 to attract purchases, the analyst added.
Translated by: Julian Nabil
