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Dubai Investments grows 0.2% on Q3 results Tuesday

Dubai Investments grows 0.2% on Q3 results Tuesday
The investment sector rose 0.78%
Dubai Investments
DIC
-0.43% 2.33 -0.01

Dubai – Mubasher: Dubai Investments’ stock added 0.17% to AED 2.6, with 16.9 million traded shares and a turnover of AED 43.9 million through 220 transactions by 12:13 pm UAE time on Tuesday.

Earlier on Tuesday, the company released its financial data for the third quarter of 2017, which showed a 5% year-on-year increase in net profits to AED 350.36 million, according to a filing to the Dubai Financial Market (DFM).

In the meantime, the investment sector rose 0.78%, leading the DFM’s rising sectors, whereas the DFMGI tumbled 0.13% or 4.57 points to 3,625.29 points.

The DFM's trading volume reached 93.1 million shares, generating AED 171.7 million through 1,589 transactions.