Dubai – Mubasher: The Dubai Financial Market (DFM) commenced Thursday at a rise, bolstered by positive performance in the real estate sector’s Arabtec and Emaar, alongside Dubai Islamic Bank (DIB) and Dubai Investments (DI).

The DFMGI surged 2.73% or 95.73 points to 3,603 points by 10:15am UAE time, regaining the level of 3,600 points. Turnover reached AED 209 million as 117 million shares were traded through 2,005 transactions.

The investment sector led gainers, rising 3.6% as DI and DFM Company grew 4.35% and 3.45%, respectively.

The real estate sector increased 3.2% as Arabtec and Emaar surged 4.2% and 3.4%, respectively, while the banking sector was up 2.6% after DIB gained 4.8%, whereas Emirates NBD slipped 0.11%.

Analysts told Mubasher that the recent declines in UAE stock markets has brought down prices to significantly low levels, thus making way for long-term investments.

The DFM resumed its negative performance on Wednesday and closed in the red, weighed down by the real estate sector’s Arabtec and Emaar Properties, as well as the investment and telecom sectors.