By: Bedour El-Ra’ee
Dubai – Mubasher: The main index of Dubai Financial Market (DFM) ended Sunday’s trading session in the green zone for the sixth session in a row.
The index levelled up by 1.77% or 64.36 points to close at 3,692.22 points.
Liquidity increased to AED 1.2 billion as trading volume grew to 1.055 million shares.
The UAE market was positive in line with a surge in liquidity and building of new positions as well as additional liquidity that was pumped into the market, general manager of Al Ansari Financial Services, Eyad Al Bariqi, said.
New financial positions were created for blue chips in both the insurance and banks segments, Al Bariqi added.
The benchmark index of DFM approached the 3,700-point level, which is similar to the closing of the year 2014, Al Bariqi said, adding that this level is a key point for the market.
Ajman Bank was the top winner with a rise of 14.93% to close at AED 1.54; posting a 21-month high.
The investment segment topped the gainers with 2.79%, endorsed by the rise of DFM Company.
The telecom sector rose by 1.62% in line with du stock which saw a similar growth.
UP stock was the most active stock after 188.88 million shares were traded at a value of AED 220.95 million. The stock rose by 4.42%.
Translated by: Ingy ElSafy
