Dubai – Mubasher: Dubai Financial Market (DFM) opened Sunday with a positive performance for the second consecutive session, driven by a rise in the real estate sector.
The bourse’s main index rose by 0.21% or 6.84 points, reaching the level of 3,280.14 points.
Analysts suggest that United Arab Emirates stock markets need to continue in green to restore traders’ trust and attract and reluctant liquidity.
The transportation sector was the biggest gainer in today’s early trading with a 1.15% increase, supported by the gains of Gulf Navigation Holding and Air Arabia by 2.94% and 1.6% respectively.
The real estate sector came second in the green list with a surge of 0.88%, boosted by the rise of Arabtec share and Emaar Properties, as they moved up 2.5% and 0.5%, respectively.
The telecom sector also leapt by 0.8%, as Emirates Integrated Telecommunications Company rose to AED 5.040.
Investment sector, however, dropped alone by 1.15%, as Dubai Investments fell by 1.93%, followed by thebanking sector with a fall of 0.43%.
Early trading volume came to 58.16 million shares exchanged through 862 trades, making a trading value of AED 69 million.
DFM closed Thursday in green, with significantly improved liquidity, setting the highest trend since August.
