By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market (DFM) saw higher gains at close on Tuesday, backed by the buildup of new positions in blue chips led by Arabtec Holding and Emaar Properties.

The general index rose 0.45% or 16.09 points to reach 3,611.22 points.

The market had made up for some of its losses incurred in the past period, according to Raed Diab, vice president of the Investment Research Department at KAMCO.

The industrial sector led gainers with a 1.6% rise as National Cement Co went up 1.6%. The investment sector added 1.16% after Dubai Investments grew 1.3%.

The real estate sector gained 0.52% after Drake and Scull International (DSI) and Arabtec Holding rose 0.6% and 0.3%, respectively.

The consumer staples sector led losers with a 0.6% decline after DXB Entertainments rose 0.75%, respectively.

Trading volume reached 120.23 million shares on Tuesday, compared to 173 million shares on Monday. Turnover amounted to AED 182.63 million, compared to AED 218.8 million.

The main index technically sees support near 3,560-3,540 points, Diab noted, adding that it sees resistance at 3,625 points and 3,680 points, respectively.

Translated by: Julian Nabil