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DFM rises modestly Tuesday

DFM rises modestly Tuesday

Dubai – Mubasher: The Dubai Financial Market (DFM) closed its first trading session in December with a positive performance after gaining 7.21 points, or 0.27%, to 2,675.87 points.

The DFM suspended trading activities on Sunday and Monday in celebration of the 47th National Day.

The bourse’s trading volume stood at 142.18 million shares exchanged through 3,520 deals at a liquidity of AED 232.84 million.

The consumer staples sector topped the DFM’s gainers with 4.46% as DXB Entertainments’ stock increased 5.09% to AED 0.289, while the services sector rose 1.84% after Amanat Holdings’ stock went up 2.73% to AED 1.13.

The real estate sector inched up 0.8%, encouraged by the stocks of Arabtec Holding and Emaar Properties which levelled up 3.5% to AED 2.08 and 1.78% to AED 4.58, respectively.

The banks sector gained 0.34% after the stocks of Dubai Islamic Bank and the heavyweight Emirates NBD grew 0.57%, and 0.2%, respectively.

On the flipside, the investment and financial services sector fell 2.97% as Dubai Investments’ stock declined 4.44%, while the transportation sector dropped 0.59% after Air Arabia’s stock shed 0.98%.