Dubai-Mubasher: Dubai Financial Market (DFM) saw a bullish performance this week to reverse the downward trend it maintained for five weeks, mainly backed by the banks sector.
DFMGI rose 0.25% or 8.02 points to reach 3,273.30 points this week, compared to 3,265.28 points last week.
Turnover rose 10.1% to reach AED 1.84 million this week, compared to AED 1.66 million last week. Trading volume jumped 41% to 1.56 billion shares from 1.1 billion shares.
The banks sector led risers after gaining 1.79%, backed by Eshraq Properties Company and Ajman Bank which advanced 4.76% and 1.67%, respectively.
The investment sector retreated 0.85%, pressured by Shuaa Capital and DFM Company which lost 11.30% and 8.20% in a row.
The real estate sector lost 0.43% due to a decline in Drake and Scull International, Arabtec Holding and Damac Properties by 13.81%, 12.98% and 12.24%, respectively.
The telecom sector stabilized this week.
