Selective buying boosts DFM Monday

Dubai – Mubasher: The Dubai Financial Market (DFM) closed Monday’s trading session in green territory on the back of robust selective buying on some of its blue-chip stocks, topped by Emaar Properties.

The DFMGI edged up 10.7 points, or 0.37%, shrugging off recent declines to finish the session at 2,932.04 points.

The real estate sector led the DFM’s top gainers with a 1.16% increase, as Emaar Properties’ stock rose 1.5% to AED 5.25.

Moreover, the consumer staples sector went up 1.06% as DXB Entertainments added 1.2% to AED 0.344, while the investment sector levelled up 1.03%, backed by Dubai Investments, which gained 1.54% to AED 1.98.

On the other hand, the transport sector slid 2.3%, dragged down by Air Arabia’s stock which fell 2.9% to AED 1.05.

Turnover amounted to AED 107.17 million, up from AED 74.05 million on Sunday, while traded volume grew to 77.92 million shares, versus 75.41 million shares.

MUBASHER Contribution Time: 23-Jul-2018 11:15 (GMT)
MUBASHER Last Update Time: 23-Jul-2018 11:15 (GMT)