By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index gained 40.8 points, or 1.18%, to 3,420.17 points on Wednesday.

Shares on the DFM have been reached very attractive price levels, which encouraged investors to strengthen their positions that consequently boosted the market, vice president of Investment Research at KAMCO Raed Diab told Mubasher.

It is critical to see new incentives in the market to back the rising trend, Diab added.

The real estate market surged 3.15% after Emaar Properties, Deyaar Development, and Arabtec Holding levelled up 3.15% to AED 6.22, 2.13% to AED 0.528, and 1.23% to AED 2.46, respectively.

Dubai Investments, the DFM Company, and Air Arabia added 1.82%, 0.93%, and 0.8%, respectively, while SHUAA Capital jumped 8.6% to AED 1.14.

On the other hand, DAMAC Properties and Dubai Islamic Bank (DIB) lost 2.42% to AED 3.22 and 0.97% to AED 6.1, respectively.

The DFM’s trading volume rose to 191.84 million shares from 148.63 million on Tuesday, while the market’s liquidity surged to AED 357.44 million, compared to AED 233.34 million in the previous session.

Translated by: Muhammad Khalid