Dubai – Mubasher: The Dubai Financial Market (DFM) ended Thursday, the last trading session in July, in the green, marking its second straight rise backed by the banking sector’s Dubai Islamic Bank (DIB).

The DFGMI added 0.28% or 11.4 points and closed at 4,143.2 points. Turnover increased slightly to AED 348.5 million ($94.88 million), from AED 338.46 million ($92.14 million) on Tuesday. Meanwhile, traded volume reached 247.6 million shares against 227.76 million the day before.

The transport sector led gainers, adding 1.46% as Gulf Navigation and Air Arabia rose 3.57% and 1.9%, respectively. Meanwhile, the banking sector grew 1.3% as DIB surged 2.74%, whereas Ajman Bank retreated 1.52%.

On the other hand, the real estate sector edged down 0.05% as Arabtec fell 1.24%, whereas Emaar Properties and DAMAC gained 0.13% and 0.98%, respectively.

The telecom sector lost 0.56% as du saw a similar decline to AED 5.380.

UAE markets are suffering weak liquidity at the present time, making it hard to break into new levels, analysts told Mubasher, adding that they expect this ‘weak state’ to continue in the coming period.

The DFM ended Wednesday at a rise, backed by positive performance in the banking sector led by DIB as well as Arabtec.