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Dubai shares climb 1.73% in early trading

Dubai shares climb 1.73% in early trading
Photo Credit: Arabianeye - Reuters

Dubai-Mubasher: Dubai Financial Market’s (DFM) benchmark opened Thursday in the green, boosted by the bullish performance of the real estate, banking and investment sectors.

The index rose as much as 1.73% or 60.87 points to 3,574.82 pts at 10:30 UAE time.

Analysts told Mubasher that the UAE stock markets need real incentives currently, in order to overcome global economic fluctuations.

The services sector was the top advancer, leaping 3.64%. The sector was boosted by Amanat and Tabreed which jumped 3.78% and 3.36%, respectively.

The investment sector ranked second with a rise of 2.68%, as Dubai Investment and Dubai Financial Market gained 2.6% and 3.09%, successively.

Turnover reached AED 107.65 million, after nearly 58 million shares changed hands in 1,190 transactions.

Translated by Abdul Maguid Aboshahla