By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a stable performance on Tuesday, backed by the rise of investment and real estate sectors.
The main index slightly fell 0.03% or 1.16 points to reach 3,652.88 points.
The investment sector rose 0.12% as Dubai Investments went up 0.42%.
The real estate sector gained 0.08% as Emaar Properties increased 0.9%.
The market is maintaining its positive performance since August, according to Raed Diab, vice president at KAMCO Investment Co.
DFM’s recent gains were backed by the launch of Cityscape Global 2017, amid expectations that major companies will record good sales, Diab added.
The banks and transportation sectors were pressured by some stocks led by GFH Financial Group which declined 3.25%, Diab noted.
The main index targets to break above its resistance at 3,680 points then to 3,740 points, Diab said.
Translated by: Julian Nabil
