By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) trimmed its early losses on Sunday, backed by the rise of transportation and investment sectors.
The DFMGI declined 0.13% or 4.91 points to reach 3,645.85 points.
The market managed to hold in today's trading session on the back of buying the dually-listed shares of mid-cap companies, capital market analyst Jamal Mosaed told Mubasher.
The insurance sector rose 1.46% after Dar Al Takaful, Takaful Al Emarat and Dubai Islamic Insurance and Reinsurance Co. (AMAN) grew 4.24%, 3.28% and 1.7% respectively.
The transportation sector increased 0.9% as Aramex went up 1.84%. The investment sector also advanced 0.9% after SHUAA Capital, International Financial Advisors (IFA) and Dubai Investments went up 6.7%, 4.9% and 0.4% respectively.
The real estate sector sank 0.38% after Arabtec Holding and Emaar Properties tumbled 3.9% and 0.5% respectively.
The banks sector declined 0.28% as Emirates NBD went down 1.01%.
Trading volume reached 378.64 million shares on Sunday, compared to 441.59 million shares last Thursday. Turnover amounted to AED 633.93 million, compared to AED 772.69 million.
Portfolio investors are expected to continue increasing their positions in mid-cap and small-chip stocks which reached attractive price levels this week, Mosaed noted.
Translated by: Julian Nabil
