By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) erased its early losses and closed Tuesday’s session in the green zone, spurred by selective buying of blue chips topped by DFM Company and Arabtec Holding.
The DFMGI levelled up 0.74% or 27.2 points to reach 3,718.51 points.
The market rose in today’s session, yet with a slower pace as compared to last two sessions, amid anticipation for the remaining annual financial annoucements in the coming period, Raed Diab, vice president of Investment Research Department in KAMCO, told Mubasher.
Stability of the main index above 3,600 points is a positive signal and shows that portofolio investors are holding their positions, Diab added.
The telecom sector topped gainers with a 2.55% rise as du increased 2.55%. The investment sector also grew 1.8% after DFM Company climbed 3.01%.
The real estate sector also rose 0.66% as Arabtec Holding gained 2.96%. The banks sector advanced 0.34% after Dubai Islamic Bank (DIB) went up 0.5%.
Turnover amounted to AED 1.06 billion on Tuesday, compared to AED 850.8 million on Monday. Trading volume reached 592.86 million shares, compared to 478.9 million shares.
Translated by: Julian Nabil
