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DFM gains 1.9% on banking, real estate sectors

DFM gains 1.9% on banking, real estate sectors
The Dubai Financial Market (DFM) resumed its gains once more at the closing of Sunday’s session amid positive performance by the banks and real estate sectors, as well as some major companies’ gains from the investment and services sectors, which prompted the DFM to rise following three sessions of declines.

The market’s benchmark DFMGI index closed at a 1.89% rise, adding 87.8 pts and closing at 4739.54 pts, thus surpassing the 4700 pt-barrier once more.

The real estate sector closed at a 1.7% rise amid positive performance by all leading shares particularly Emaar and Arabtec, which gained 1.9% and 1.25% to AED 9.700 and AED 4.050, respectively.

The banking sector also gained on Sunday, registering a 2.8% increase and leading gaining sectors, supported by Emirates NBD, which added two percent to AED 10.100. It is worth noting that the Dubai Commercial Bank (DCB) and Dubai Islamic Bank (DIB) also gained today.

The investment sector added 2.36%, coming in second place after the banking sector supported by the DFM and Dubai Investment (DI) shares.

Turnover on Sunday reached 346 million shares compared to 404.3 million on Thursday, with trade value reaching AED 784.8 million compared to AED 927.4 million on Thursday.