By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index gained 65.53 points, or 2.2%, to close at 2,880.42 points in a week.
The DFM’s trading volume reached 1.01 billion shares, while the market’s liquidity amounted to AED 1.124 billion.
Over the week, the DFM recovered after Abraaj crisis, while Drake and Scull International (DSI) dropped, Al Safwa Mubasher’s CEO Ehab Rashad commented.
Stocks have declined to attractive prices, which urged some investors to sell their equities and collect DSI’s shares, Rashad added.
The blue chips are expected to report positive disclosures, which could boost the market, the analyst remarked.
The transportation sector grew 3.9% after Aramex surged 5.85% to AED 3.93, while Gulf Navigation soared 5.38% to AED 0.93.
The consumer staples sector went up 3.3%, as DXB Entertainments rose 4% to AED 0.325, while the banks sector gained 2.47%, as Dubai Islamic Bank (DIB) and Emirates NBD increased by 3.09% and 2.05% respectively.
The investment sector added 2.42% after DFM Company rose 2.99% and Dubai Investments grew 2.11%, while the real estate sector levelled up 1.95% as Arabtec Holding hiked 8.5% and Emaar Properties gained 3.87% to AED 4.98.
On the flip side, DSI dropped 12.5% to AED 0.729.
Translated by: Muhammad Khalid
