Dubai- Mubasher: Dubai Financial Market (DFM) opened Sunday’s trading session with a series of rises in all sectors, surging more than 100 points or 2.7% to reach 3777 points.


DFM ended Thursday, the last trading session of the week and January in the red, after being pressured by global market declines and retreating oil prices.

 
It is expected that stocks will continue trading at these levels until the announcement of companies’ financials is over, Essawy told Mubasher, adding that proof of this is that most stocks are near their support levels.


The DFM rise is backed by an increase of 26 shares, while 5 shares dropped. Trading volume reached 145 million shares, at a turnover of AED 255 million, traded through 2675 transactions.


Dubai Investments (DI) led the gainers as its share rose by 9.2% to reach AED 2.38 after 30 million shares were exchanged.


Meanwhile, Commercial Bank of Dubai topped the losers after declining 5.4%, followed by Mashreq Bank and Emirates NBD which dropped 3.9% and 1.1% respectively.