By: Mahmoud Gamal
Dubai - Mubasher: The Dubai Financial Market’s (DFM) general index gained 1.22% or 41.1 points to 3,411.17 points on Tuesday, which is its highest level in around six months.
The UAE’s markets witnessed some buying transactions today, especially on blue chips, which pushed up the general index, said Mohab Maher, senior sales trader at Mubasher Financial Services (MFS).
There is an optimistic wave on the market, which was manifested through the buying of blue chips, particularly Emaar Properties’ and Emaar Development’s shares, by foreign institutions, Maher added.
The real estate sector led the market gainers, adding 2.5%, after Emaar Development surged 3.9% to AED 5.29, while Emaar Properties soared 3.6% to AED 7.19.
The consumer staples sector went up 1.13%, as Marka increased by 2.9% to AED 0.567, while the banks sector grew 2% to AED 1.02.
The transportation sector inched up 0.03% after Air Arabia levelled up 0.8% to AED 1.25.
Meanwhile, the services sector topped the market’s losers, shedding 0.6%, as Amanat Holdings lost 1.35% to AED 1.46%.
The DFM’s trading volume declined by 68.5% to 180.09 million shares from 571.99 million shares on Thursday, while the market’s liquidity decreased by 66.4% to AED 253.3 million, compared to AED 755.4 million in the previous session.
Translated by: Muhammad Khalid
