By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a bullish performance on Thursday, spurred by the rise of most blue chips led by Emaar Properties and Dubai Islamic Bank (DIB).
The DFMGI rose 0.37% or 12.36 points to reach 3,351.73 points.
The market’s gains were mainly attributed to the increase of positions in low-priced small caps and some blue chips, technical analyst Ahmed Ismail told Mubasher.
The market will continue to be controlled by speculations if it does not rebound above 3,420 points, Ismail added.
The insurance sector led gainers with a 2.68% increase after AMAN went up 14.9%. The investment sector also added 0.63% as DFM Company rose 0.9%.
The real estate sector advanced 0.45% as Emaar Properties and Arabtec Holding went up 0.9% and 0.52%, respectively. The banks sector also levelled up 0.24% after Dubai Islamic Bank (DIB) added 0.34%.
The market saw a turnover of AED 381.97 million on Thursday, compared to AED 213.73 million on Wednesday. Trading volume reached 345.67 million shares, compared to 184.71 million shares.
Translated by: Julian Nabil
