By: Bedour Al Raee

Dubai – Mubasher: The Dubai Financial Market’s general index grew 5.6 points, or 0.19%, to close at 2,928.17 points on Thursday, pushed up by Emaar Properties.

The selling transactions of some blue chips in both Dubai and Abu Dhabi markets dragged down general indices, Al-Sharhan Centre’s general manager Gamal Agag told Mubasher.

Stock prices have reached attractive levels, especially Emaar’s, which will pave the way for a new positive trend in the UAE markets in the coming sessions, Agag added.

Emaar Properties dominated the DFM in terms of both trading volume and value, with 21 million shares and a turnover of AED 107.88 million.

The DFM’s trading volume hit 306.2 million shares, while the market's liquidity amounted to AED 452.9 million.

The banks sector rose 0.78%, as Dubai Islamic Bank (DIB) added 1.42%, while the real estate sector increased by 0.55% after Emaar Properties went up 1.17% and Damac Properties gained 1.32%.

On the other hand, the consumer staples sector tumbled 4.5%, as DXB Entertainments dropped 4.9%.

The transportation sector levelled down 2.45%, as Air Arabia declined 3.85%.

Translated by: Muhammad Khalid