By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index inched up 0.9 points, or 0.03%, to 3,286.54 points, on Thursday for the second successive session.

The DFM recovered in the last couple of sessions, which is a positive sign, in spite of closing not far from stability, the financial analyst Ahmad Sabha stated.

Generally speaking, the UAE’s markets want more liquidity to rise and reverse the impact of the previous months’ pressures, Sabha added.

The DFM’s trading volume declined to 143.32 million shares from 191.84 million on Wednesday, while the market’s liquidity shrank to AED 287.48 million, compared to AED 357.44 million in the previous session.

To pump a new liquidity into the market, there is a need for positive disclosures, which will raise investors’ confidence in the market, the analyst concluded.

The services sector upped 0.94% after Tabreed surged 3.5% to AED 1.76, while the real estate added 0.74%, as Emaar Properties and DAMAC Properties gained 1.77% and 0.93%, respectively.

The transportation sector grew 0.29% after Gulf Navigation soared 3.74% to AED 1.11.

On the other hand, the investment sector shed 1.24% after SHUAA Capital and Dubai Investments lost 1.75% to AED 1.12 and 1.34% to AED 2.21, respectively.

Translated by: Muhammad Khalid