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DFM goes up at Sunday’s close

DFM goes up at Sunday’s close
DFMGI went up 0.31%, or 10.5 points, to 3,365.89 points

Dubai – Mubasher: The Dubai Financial Market (DFM) closed Sunday in the green as investors have resumed blue-chip buying after touching attractive levels.

The Dubai Financial Market General Index (DFMGI) went up 0.31%, or 10.5 points, to 3,365.89 points, shrugging off the decline of the previous session ended 14 December.

On Sunday, the DFM's liquidity slid 59.2% to AED 281.79 million from AED 690.34 million on Thursday, while the trading volume shrank 51.15% to 159.64 million shares, against 326.83 million shares.

The banking sector rose 0.56% after Dubai Islamic Bank’s stock increased 0.65% to AED6.19.

The investment sector added 0.34%, boosted by Dubai Investments’ stock which gained 0.8% to AED2.42.

Similarly, the real estate sector levelled up 0.23%, spearheaded by Arabtec Holding and Emaar Properties which grew 2.7% and 0.3%, respectively.

Meanwhile, the consumer staples sector dropped 1.5% as DXB Entertainment’s stock sank 1.65% to AED0.655.

Drake and Scull International, 1.36% up, was the most actively-traded stock on the DFM in terms of volume and value with 44.56 million traded shares, generating AED99.68 million.