The Dubai Financial Market (DFM) ended Wednesday in the green as the market’s benchmark index DFMGI surged by 2.34% or 104.03 pts to 4545.91 pts.

Turnover was seen at AED 1.3 billion as 562.12 million shares were traded through 8882 transactions.

A total of 32 companies traded, of which 30 gained, 1 declined and 1 remained unchanged. The transport, real estate and banking sectors led gainers, adding 2.73%, 2.56% and 2.39%, respectively.

Gulf Navigation topped gaining stocks, after surging by 10.60%, whereas the Commercial Bank of Dubai (CBD) saw the only decline, shedding 1.43%, despite recently announced positive financials.

Arabtec came in third place amongst gainers, after adding 5.70%.

Earlier on Wednesday, Emirates NBD and Dubai Islamic Bank (DIB) reported positive financials.

Emirates NBD reporting a massive growth its net profit in the first nine months of 2014 by 51% in to AED 3.913 billion; Q3-14 results showed a net profit of AED 1.56 billion against AED 775 million during Q3-13, registering a Q-o-Q leap by 101.5%.

Meanwhile, DIB reported a net profit of AED 2.06 billion during the nine-month period ending September 30, 2014, compared to AED 1.2 billion during the same period in 2013, recording a profit surge by 71.66%. DIB’s net profit for the third quarter of 2014 rose by 56.7% to AED 723 million against AED 461.35 million during the same period in 2013.