By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index added 2.53% to 3,041.72 points in a week, pushed up by the recent government decisions to bolster the national economy.
Earlier in June, the emirate of Abu Dhabi unveiled a plan to invest around AED 50 billion ($13.6 billion) to promote its economy.
The DFM’s positive performance was not unexpected, as the market became attractive to investors, MindCraft Consultants’ CEO Fadi Al Ghattis told Mubasher.
Over the week, the real estate sector jumped 4.6% after Arabtec Holding hiked 12.82% to AED 2.2 and Emaar Properties surged 6.5% to AED 5.54.
The investment sector added 2.12%, as Dubai Investments levelled up 3.4% to AED 2.13 and DFM Company gained 0.9%.
The banks sector grew 1.08% after Emirates NBD increased by 1% to AED 10.1.
The DFM’s trading volume reached 713.4 million shares, while the market’s liquidity hit AED 1.17 billion.
Translated by: Muhammad Khalid
