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Real estate, banks stocks support DFM Thursday

Real estate, banks stocks support DFM Thursday
UP was the value leader

Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance on Thursday, backed by the rise of real estate and banks stocks.

The DFMGI gained 0.33% or 11.90 points to close at 3,601.20 points.

The real estate sector added 0.85% after Drake and Scull International (DSI) and Union Properties (UP) rose 6.25% and 3.74%, respectively.

The banks sector went up 0.20% as Emirates NBD gained 1.84%. The transportation sector also rose 0.05% after Aramex grew 0.78%.

On the other hand, the telecom sector fell 2.82% as du went down 2.82%. The investment sector retreated 0.05% after Dubai Investments sank 0.42%.

Trading volume reached 233.746 million shares on Thursday, compared to 133.5 million shares on Wednesday. Turnover amounted to AED 290.56 million, compared to AED 221.32 million.

UP was the value leader after generating AED 57 million from the exchange of 66.74 million shares.