By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index gained around 12.9 points, or 0.45%, to close at 2,905.03 points on Monday.
The slight increases in the market today was typical to the final days before the disclosure’s deadline and the beginning of Islam's holy month of Ramadan, capital market analyst Mohamed Al Azmi told Mubasher.
The investment sector grew 1.77% after DFM Company surged 3.09% and Dubai Investments added 1.63% to AED 1.87.
The main support to the DFM on Monday is the exchanging of positions’ transactions in the investments sector, in addition to the rise of Emaar Properties and Emaar Development, Al Azmi said.
The real estate sector went up 1.22%, as Emaar Development jumped 2.8% to AED 5.8, while Drake and Scull International (DSI), Union Properties, Emaar Malls, and Emaar Properties added 1.8%, 1.5%, 1.2%, and 1.2%, respectively.
The DFM’s trading volume reached 160.65 million shares, while the market’s liquidity hit AED 247.08 million.
Emaar Properties topped the DFM in terms of both trading volume and value, with 15.78 million shares and a turnover of AED 79.52 million.
Translated by: Muhammad Khalid
