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Real estate sector led by Emaar firms prompts DFM gains

Real estate sector led by Emaar firms prompts DFM gains
Al Salam Bank
SALAM
0.00% 0.21 0.00
EKTTITAB
EKTTITAB
1.03% 19.70 0.20
Emaar Malls
EMAARMALLS
7.88% 2.60 0.19

Emaar
EMAAR
0.49% 8.27 0.04
MAZAYA
MAZAYA
-0.66% 75.40 -0.50
The Dubai Financial Market (DFM) ended Tuesday on a high note, gaining 0.57% or 28.10 pts to 4986.28 pts, nearing the level of 5000 pts.

Turnover was seen at AED 662.2 million as around 175 million shares traded through the execution of 4274 transactions. Moreover, a total of 32 companies traded on DFM today, of which 14 were in the green, 12 were in the red and 6 remained unchanged.

Market performance was mixed today as the real estate and transport sectors gained 1.64% and 0.37%, respectively, whereas the telecom, insurance, investment and banking sectors declined by 1.07%, 0.52%, 0.22% and 0.20%, respectively.

Mazaya topped market gainers after surging by 14.5%, followed by Emaar Properties, which added 3.14%. Meanwhile, Ekttitab led decliners, shedding 4.64%, followed by Al Salam Bank with a 3.47% decline.

Emaar Malls was the most active by volume, as 67.66 million shares traded. The Company ended Monday in the green after rising by 0.92% to AED 3.280. Emaar Properties came in second with 21.6 million shares traded. The stock gained 3.14% to AED 11.500.