DFM turns to green in mid-session

Dubai-Mubasher: Dubai Financial Market (DFM) saw an upward trend in Tuesday’s mid-session, backed by the leading sectors led by the investment and telecom.

The DFMGI rose 0.53% or 14.9 points to reach 3,116.12 points by 12:15pm UAE time.

The investment sector added 6.6%, backed by the DFM Company and Dubai Investments which levelled up 1.7% and 1.5%, respectively.

The telecom sector advanced 1.2% as du increased 1.2%.

The real estate sector went up 0.28% after Arabtec Holding and Emaar Properties grew 6.6% and 0.8% in a row.

The banks sector recovered 0.13% due to a rise in Dubai Islamic Bank (DIB) and Emirates NBD by 0.9% and 0.86%, respectively.

On the flipside, the consumer staples sector declined 0.77%, while the insurance sector retreated 0.07%.

Al Salam Group Holding topped gainers by 9.2% to AED 0.475 after trading 99,000 shares, with turnover reaching AED 41,680.

Turnover reached AED 223.87 million after 220.18 million shares were traded through 3,270 transactions.

Mubasher Contribution Time: 22-Dec-2015 08:24 (GMT)