Dubai – Mubasher: The Dubai Financial Market (DFM) opened Tuesday’s trading session in the green, backed by the rise of four of its sectors, led by real estate and investment.
By 10:45 am UAE time, the DFMGI gained 1.11% or 39.25 points to 3,502.12 points.
Turnover reached AED 120.66 million after 77.42 million shares were exchanged through 1,189 transactions.
The real estate sector led risers, adding 2.06%, on the back of Drake & Scull International (DSI) and Emaar Properties, which surged 3.5% and 3.04%, respectively.
The investment sector increased 1.67% as DFM Company gained 1.7%.
Banks were up 0.5% backed by Dubai Islamic Bank’s (DIB) 1.37% rise.
Earlier on Tuesday, analysts had told Mubasher that they expected UAE stock markets to extend their positive performance on Tuesday backed by foreign and institutional investors pumping new liquidity after stocks reached attractive price levels.
Investors are also awaiting the announcement of companies’ new projects at Cityscape Abu Dhabi and the results of Arabtec’s shareholder meeting scheduled for later in the day, the analysts added.
