Selective buying pushes up DFM on Tuesday

Dubai – Mubasher: Selective buying transactions on some blue-chip stocks have pushed up the Dubai Financial Market (DFM) at the end of Tuesday’s trading session.

The DFM’s general index closed the mid-week session up 0.04 points at 2,656.20 points.

The investments sector led the gainers with 0.89%, followed by the insurance and the consumer goods sector that rose 0.58% and 0.43%, respectively.

Likewise, the real estate sector added 0.39 on the back of Emaar Properties that levelled up 0.88% and the telecommunication sector increased by 0.39% as its sole stock du went up by the same percentage.

Meanwhile, the banks sector shed 0.47% when Dubai Islamic Bank (DIB) fell 0.58% to AED 5.1 and the heavyweight Emirates NBD slipped 0.45% to AED 11.05.

Trading volume amounted to around 57.48 million shares exchanged through 1,570 transactions at a turnover of AED 118.26 million.

Emaar Properties topped stocks in terms of trading volume with 9.9 million shares exchanged through 487 transactions at a turnover of AED 45.46 million.

Mubasher Contribution Time: 09-Jul-2019 11:54 (GMT)
Mubasher Last Update Time: 09-Jul-2019 12:01 (GMT)