Dubai – Mubasher: The Dubai Financial Market (DFM) closed at near-stability on Thursday after the index succeeded in reversing its direction at the end of the session, amid positive performance by the banking and telecom sectors, compared to a decline in the real estate and investment sectors.

The market’s general index (DFMGI) inched up by 0.16 points to 3,747.54 points, managing to break the negative performance that has controlled it over the past five sessions.

Analysts told Mubasher earlier that UAE markets are awaiting new elements to emerge that can attract investors and help exit the current state of anticipation.

Turnover grew significantly on Thursday to AED 640 million as 431.24 million shares were traded against AED 476.7 million on Wednesday at a trade volume of 353.3 million shares.

The consumer staples sector led the four rising sectors, adding 2.96%, followed by the transport, banking and telecom sectors, which gained 1.65%, 1.14% and 0.6%, respectively. Meanwhile, the real estate sector topped the losers, falling 1.4%, while the investment sector declined by 0.15%.

Stock-wise, Tabreed led the gainers, adding 2%, while Dubai Islamic Bank (DIB), Emirates NBD and Dubai Investments rose by 1.8%, 0.55% and 0.43%, respectively.

On the other hand, Gulf Navigation was the biggest loser, dropping 4.8%, while Emaar and Arabtec lost 3% and 0.68%, respectively.