Dubai-Mubasher: Dubai Financial Market (DFM) witnessed a positive performance during April, in line with heavy purchases of blue chips and medium stocks, namely from the real estate sector.
DFM’s benchmark index gained 4% or 136.38 points to end the month at 3,491.91 points.
The real estate sector topped the gainers by 6.4%, boosted by Drake and Scull International, Emaar properties, and Emaar Malls which rose by 14.7%, 1.9%, and 1.7% respectively. Meanwhile, Arabtec Holding retreated 2.6%.
Consumer sector leveled up 2.9%, enhanced by Dubai Parks and Resorts which gained 9%.
The investment sector edged up 0.95%, as Dubai Investments and Shuaa Capital grew 0.9% and 0.5% respectively.
Meanwhile, DFM’s banks sector dropped 0.28% during the month, dragged down by Dubai Islamic Bank which lost 1.2%.
During April, the market’s liquidity declined 27% to total AED 14 billion ($3.81 billion), as trading volume decreased by 21% to reach 11.8 billion shares.
Market cap increased by AED 310 billion ($84.40 billion) to reach AED 8.7 billion ($2.37 billion) by the end of April.
