Dubai – Mubasher: Gains by real estate, banking and investment stocks boosted the Dubai Financial Market (DFM) towards the green in Sunday’s early trades.

The DFMGI grew 0.72% or 30 points to 4,117 points by 10:20am UAE time. Turnover reached AED 270 million as 300 million shares changed hands through 2,740 transactions.

The index ended Thursday at a decline following three successive gains.

Market analyst Waddah Taha said that UAE markets have a chance to rebound, but that the conclusion of several companies’ dividend distributions could slow down the rebound process.

UAE markets are still controlled by speculation, Taha told Mubasher via phone, evident in how companies are not responding well to positive financials and also the wildly fluctuating levels of liquidity, which have surged to AED 2.6 billion and then plunged below AED 1 billion on the DFM.

Emaar Properties rose 1% to pass AED 8, while Arabtec grew 1.1% to AED 2.87 after 3 million shares were exchanged.

Dubai Islamic Bank (DIB) added 0.73% to AED 6.9.

Moreover, Dubai Investments and Gulf General Investments Co. (GGICO) surged 3% and 2.6% as 4 million shares and 6.4 million shares were traded, respectively. DFM Company gained 1%.

GFH was the top gainer and most active stock, soaring 12.4% as 190 million shares changed hands.