Dubai – Mubasher: Dubai Financial Market (DFM) moved to the green zone in mid trading with a slight rise, thankes to a positive performance by Emirates Integrated Telecommunications Company (DU), Dubai Investments and Ajman Bank.
The benchmark index edged up 0.01% or 0.27 point, reaching the level of 3,204.4 points, after a slight fall earlier today.
Analysts suggested, in statements to Mubasher, that United Arab Emirates stock markets are suffering from lack of catalysts in the current period, which gave speculators the chance to take control of the bourses, something that reflected negatively on liquidity.
The telecom sector led the gainers with 0.8% up, and the investments came second with a 0.75% increase, while the banking sectors made the lowest gains with a rise of 0.02%.
The real estate sector, however, topped the losers with 0.43% down, affected by the losses of Arabtec and Emaar which reached 0.89% and 0.17%, respectively.
By midsession, trading volume hit 76.8 million shares worth AED 78.66 million through 1,200 trades.
