The Dubai Financial Market (DFM) ended the week’s first trading session in the green, surging by 3.49% or 148.93 pts to 4419.36 pts.

Turnover was seen at AED 1.17 billion as 487.5 million shares changed hands through the execution of 9355 transactions.

A total of 30 companies traded on Sunday, of which 26 were in the green, 2 were in the red and 2 remained unchanged.

The real estate sector led gainers, surging by 4.78%, followed by the services sector by 4.19%.

Dubai Islamic Insurance and Reinsurance (Aman), Deyaar and Arabtec led rising stocks, after soaring by 8.73%, 8.65% and 8.10%, respectively.

Emirates NBD and Takaful Emarat registered the only declines, falling by 3.33% and 2.83%, respectively.

Commenting on the market’s performance today, Mohab Agina, head of the technical analysis department at Beltone, noted that the DFM succeeded in achieving a leap today, as part of a correctional movement, following massive losses over the past week.

The benchmark index is expected to continue rising to the levels of 4500 pts in a fluctuating sideways movement, he told Mubasher in a statement, adding that it is not unlikely that the market will suffer some profit-taking.