Stock accumulation pushes up DFM Sunday

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index gained 43.42 points, or 1.5%, to close at 2,864.42 points on Sunday, helped by stock accumulation. 

The consumer staples sector added 2.71%, as DXB Entertainments surged 3.02% to AED 0.341.

The real estate sector grew 2.07% after Arabtec Holding soared 7.85% to AED 2.06 and Emaar Properties increased by 2.4% to AED 5.04.

The services sector went up 1.7%, as Tabreed and Amanat Holdings rose 1.8% and 1.61%, respectively.

The investment sector grew 1.49%, as Dubai Investments and DFM Company gained 1.6% to AED 1.93 and 1.45% to AED 0.979, consecutively.

The banks sector added 1.31% after GFH grew 2.3% and Dubai Islamic Bank (DIB) levelled up 2.26%.

On the flip side, the transportation sector declined 0.25%, as Gulf Navigation dropped 8% to AED 0.83.

The DFM’s trading volume reached 187.35 million shares, while market’s liquidity amounted to AED 217.97 million.

 

Translated by: Muhammad Khalid

Mubasher Contribution Time: 01-Jul-2018 11:24 (GMT)
Mubasher Last Update Time: 02-Jul-2018 07:37 (GMT)