By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market (DFM) continued to rise during the week ended on 14 September, supported by the increase in major stocks, led by Emaar.

The general index rose, for the fourth week in row, by 0.35%, gaining 12.9 points, and closed at the level of 3,657.23 points.

Emaar’s stock is the main reason of the market gains this week, in line with the launch of Cityscape, as well as announcing new projects, CEO of Mindcraft Consultant Fadi Al Ghatis said.

During the week, the real estate sector rose 0.12%, pushed up by Emaar with 1.5%, and Union Properties with 0.3%, after announcing two new projects.

Arab investor went for major stocks, especially Emaar, Al Ghatis added, noting that they are optimistic about the financial results of major companies in the second half of 2017.

The market will continue rising during the next week to 3,772-point level, Al Ghatis added.

Translated by: Mohammad Shokhba