DFM's index opens 0.3% higher

Dubai – Mubasher: The Dubai Financial Market (DFM) opened Sunday in green, supported by a rise in the telecom, real estate and banks sectors.

The benchmark index advanced 0.3% or 11.4 points to the level of 3,595.24 points.

The telecom was the best performing sector after gaining 3.5%, as du grew by the same percentage.

The banks sector also added 0.25% thanks to an increase of 0.8% in Dubai Islamic Bank.

The Real estate sector moved 0.05% up as Drake and Scull and Union Properties rose by 1.04% and 0.7% respectively.

On the other hand, the investment sector slid 0.26%, pressured by DFM which fell 0.6%.

Trading volume came to 162.64 million shares which were exchanged at AED 169.73 million through executing 1,730 transactions.

The bourse’s main gauge closed Thursday’s session with a rise of 1.07%.

Translated by: Elwy el-Manzalawy

Mubasher Contribution Time: 24-Apr-2016 07:21 (GMT)
Mubasher Last Update Time: 24-Apr-2016 08:02 (GMT)