By: Muhammad Khalid
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index grew 10.97 points, or 0.36%, to close at 3,055.74 points on Wednesday on the back of the recent government investments in Abu Dhabi.
Economic incentives and selective purchases pushed up the DFMGI, Mubasher’s senior sales trader Mohab Maher told Mubasher.
The recent government investment package will have a positive effect on stock markets, which will be reflected gradually depending on investors’ morale, Maher added.
The banks sector added 0.45% after Emirates NBD gained 1.5%, while the consumer staples sector increased by 0.44%, as DXB Entertainments rose 0.48% to AED 0.417.
The real estate sector went up 0.44% after Arabtec Holding jumped 3.9%, while Emaar Development and Damac Properties gained 1.32% and 1.22%, respectively.
The DFM’s trading volume reached 202.24 million shares, while the market’s liquidity hit AED 277.7 million.
Drake and Scull International (DSI), which shed 0.86%, led the market in terms of volume and value, with 41.1 million shares and a turnover of AED 48.65 million.
Translated by: Muhammad Khalid
