Dubai – Mubasher: The Dubai Financial Market (DFM) has marked its highest monthly gains in July since July 2014 on the back of robust buying transactions by foreign and institutional investors.

By the end of July, the DFM’s general index jumped by 9.7% to 2,918.38 points, its highest level since May 2018.

The bourse’s turnover stood at AED 4.51 billion last month after seeing a trading volume of around 3.16 billion shares, compared to a trading volume of 1.88 billion shares exchanged at a turnover of AED 4.51 billion in June.

Emaar Properties, up 23.71% to AED 5.53, was the most heavily traded stock in July with a turnover of AED 1.11 billion.

Moreover, Emirates NBD’s stock rose by 4.85% to AED 11.9, and Dubai Islamic Bank (DIB) went up by 4.11% to AED 5.32.

The DFM company’s stock went up by 33.09% to AED 0.945 in June and saw monthly turnover of around AED 155.4 million.  

Market Capitalisation gained AED 23.88 billion and closed the month at AED 377.04 billion, compared to AED 353.16 billion at the end of June.