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Dubai index up 1.2% in early trades

Dubai index up 1.2% in early trades
The market saw trading of 81.5 million shares by 10:35am UAE time (Photo Credit: Arabianeye-Reuters)

Dubai-Mubasher: The Dubai Financial Market (DFM) saw gains in Monday’s early trades as the real estate and banks sector opened higher.

The main index advanced 1.18% or 37.6 points to reach 3,295.78 points by 10:35am UAE time.

The consumer staples sector topped gainers with a 1.9% growth, backed by the positive performance of Dubai Parks and Resorts.

The real estate sector added 1.5% due to a rise in Arabtec Holding and Emaar Properties.

The banks sector went up 0.7%, spurred by Dubai Islamic Bank (DIB).

The market saw trading of 81.5 million shares through 1,190 transactions, with a turnover of AED 91.52 million.