By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) continued declining over the week, under the pressure of the leading stocks.
The general index fell 1.8% or 68.5 points to 3,563.99 points, under the pressure of Emaar’s stock, and DIB, which declined 3.5%, and 2.4%, respectively.
On Thursday, the DFM closed in the green zone, after the selective purchase of Dubai Investments’ stock.
The general index rose today 0.06% to 3,563.99, on the back of Aramex and Dubai Investments, with 4.8% and 0.8% rise, respectively.
Other leading stocks also hiked, especially Emirates NBD, which rose 1.4%.
The rise in DFM was backed by the purchases in the investment and transportation sectors, which reached desirable levels, financial analyst Gamal Abdulhamid said.
The index is expecting more liquidity during the coming week to reach the 3,609-point level, Abdulhamid continued.
Trading volume reached 137.3 million shares, generating AED 189 million, through 2,159 transactions.
Based on the positive predictions regarding the car sales, the related insurance sector might witness a rise during the coming period, Abdulhamid added.
Translated by: Mohammad Shokhba
