By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index grew 24.42 points, or 0.83%, to close at 2,972.41 points on Sunday, pushed up by selective buying.
The decree of Khalifa bin Zayed Al Nahyan, the UAE’s president, paying a one-month bonus salary on the occasion of Sheikh Zayed’s 100th birthday, boosted the UAE markets, senior financial analyst at Mena Corp Issam Kassabieh told Mubasher.
That growth has gone hand in hand with a selective buying trend, Kassabieh added.
The investment sector increased by 1.82% after Shuaa Capital surged 3.7% to AED 1.1, while the banks sector grew 1.13%, as GFH soared 10.48% to AED 1.37, with a turnover of AED 129.69 million.
The real estate sector levelled up 0.63% after Drake and Scull International (DSI) jumped 4.63% to AED 1.13.
The DFM’s trading volume reached 240.61 million shares, while the market’s liquidity hit AED 288.5 million.
Translated by: Muhammad Khalid
