By: Mahmoud Gamal

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index rose 021% or 5.68 points to close at 2753.07 on Tuesday, encouraged by selective purchasing on some of blue-chip stocks.

By the end of the mid-week session, 195.085 million shares changed hands through 2025 transaction with a total value of AED 180.61 million.

The services sector gained 0.68% after Amanat Holdings rose 2.68%

The banks sector also was up by 0.26%, boosted by Dubai Islamic Bank and the heavyweight Emirates NBD that added 0.78% and 0.55%, respectively.

The transportation sector levelled up 0.26% as Gulf Navigation surged 3.7%.

The real estate sector advanced 0.01% after Emaar Properties rose 0.6% to AED 5.02.

On the other hand, the investment sector fell 1.15%, pressured by Dubai Investments that retreated by 1.27%.

Commenting on the market’s performance, Raed Diab, vice president of Investment Research at KAMCO, stressed the need to pump fresh liquidity to boost the equity market on a vast scale following recent fluctuations.

He expected that the third-quarter finical results to incentivise some investors to start building new positions, particularly in the real estate sector.

From a technical perspective, the general index is seeing a negative performance and the market needs to maintain strong purchases to break the current resistance level, the analyst said.  

Translated by: Dunya Hassanin