Dubai - Mubasher: The main index of the Dubai Financial Market (DFM) saw its best weekly performance in two and a half month.

The benchmark index rose 1.26%, gaining 39.85 points, as it ended the week at the level of 3,197.3 points.

As for the sectors performance, the telecom sector rose 2.2%, as the stock of Etisalat rose at the same percentage.

Traded values rose to AED 1.45 billion, compared to AED 831.41 billion last week, with volumes reaching 518.956 million shares, compared to 588.42 million shares.

Real Estate went up 0.48%, as Emaar Malls added 0.47%.

Essam Kasabieh, a financial analyst at Menacorp, told Mubasher that some market news led investors to selective buying.

Market expert, Iyad Al-Bereqie, the manager of Al Anasari Financial Services, said that markets are under the selling pressures of blue chip stocks.

Liquidity levels remain relatively low, despite all the positive factors in the UAE markets, the expert noted.

The banks sector also added 4.93%, while transportation increased by 1.79%, with the investment sector index levelling up by 0.37%.