Selective buying boosts DFM Tuesday

Dubai – Mubasher: The Dubai Financial Market (DFM) closed Tuesday’s trading session in green territory on the back of robust selective buying on some of its blue-chip stocks

The DFMGI edged up 14.82 points, or 0.55%, to finish the mid-week session at 2,727.87 points.

The services sector led risers with 1.83% after National Central Cooling Co.’s (Tabreed) stock rose 1.91% to close at AED 1.6.

The consumer staples sector increased 1.74% as DXB Entertainments’ stock grew 1.93% to AED 0.370.

The real estate sector went up 1.56% after the stocks of Deyaar Development, Emaar Properties, and Damac Properties gained 9.9%, 1.9%, and 1.06%, respectively.

The insurance sector inched up 0.25% as Islamic Arab Insurance Company’s (Salama) stock edged up 0.25% to AED 0.739.

On the flipside, the investment and financial services sector shed 0.8% as Dubai Investments’ stock fell 1.23% to finish at AED 1.6.

The bourse’s trading volume stood at 260.15 million shares, up from 243.04 million on Monday, while liquidity increased to AED 220.04 million, from AED 207.02 million.

Mubasher Contribution Time: 16-Oct-2018 10:40 (GMT)
Mubasher Last Update Time: 16-Oct-2018 11:04 (GMT)