By: Enas Bahgat

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index rose 30.08 points, or 0.95%, to 3,197.3 points on Thursday on the back of blue chips.

The circulated news regarding some companies resulted in a selective buying on a group of stocks, which in return boosted them, the financial analyst at Mena Corp Issam Kassabieh told Mubasher.

The banks sector grew 1.83% after Dubai Islamic Bank (DIB) surged 3.51%, while the real estate sector added 1.42% – as Emaar Properties, Damac Properties, and Emaar Development levelled up 2.94%, 1.94%, and 1.19%, respectively.

The DFM’s trading volume rose to 172.88 million shares from 118.26 million on Wednesday, while the market’s liquidity reached AED 361.69 million through 3,012 transactions, versus AED 240.53 million in the previous session.

Emaar Properties topped the DFM in terms of liquidity, with a turnover of AED 107.04 million and 18.23 million traded shares.

Translated by: Muhammad Khalid