Dubai Financial Market (DFM) General Index extended its rise to the second successive session, powered by the bullish performance of Arabtec stock in addition to the investment sector that saw a jump in Dubai Investments stock.
The index ended Thursday’s session with a rise by as much as 2% or 93.7 points to 4833.24 points; thus nearing its highest level in July. It was buoyed by real estate and investment stocks.
The investment sector rallied 2.6%, backed by Dubai Investments (+3.5%), while the real estate sector advanced 2.3% fueled by property developer Arabtec (+5%).
The transportation sector rose 1.74% backed by Aramex (+3%) and banks sector grew 1.65% on DIB (+3%).
Today’s turnover amounted to AED 879.32 million, while traded volume reached 335.4 million shares and the number of transactions reached 6424.
Adding Thursday’s rise, the index gains during Sunday and Thursday totaled 180 points.
The UAE stock markets closed for three days on the occasion of Eid ul-Fitr.
The index ended Thursday’s session with a rise by as much as 2% or 93.7 points to 4833.24 points; thus nearing its highest level in July. It was buoyed by real estate and investment stocks.
The investment sector rallied 2.6%, backed by Dubai Investments (+3.5%), while the real estate sector advanced 2.3% fueled by property developer Arabtec (+5%).
The transportation sector rose 1.74% backed by Aramex (+3%) and banks sector grew 1.65% on DIB (+3%).
Today’s turnover amounted to AED 879.32 million, while traded volume reached 335.4 million shares and the number of transactions reached 6424.
Adding Thursday’s rise, the index gains during Sunday and Thursday totaled 180 points.
The UAE stock markets closed for three days on the occasion of Eid ul-Fitr.
Source:
Mubasher Exclusive
