By: Enas Bahgat

Dubai – Mubasher: The Dubai Financial Market (DFM) has seen a bullish trend during the third quarter of 2019, maintaining its positive performance since the beginning of the year.

Despite the escalating geopolitical tensions during the quarter, the DFM’s general index jumped 122.44 points, or 4.6%, to 2,781.07 points, versus the market’s close in Q2-19 at 2,658.63 points.

Market capitalisation gained AED 12.422 billion in the July-September period of 2019 and closed the quarter at AED 365.584 billion, versus AED 353.162 billion in the previous quarter.

Trading volume amounted to 7 billion shares in Q3-19 that were exchanged at a turnover of AED 11.8 billion.

The telecommunication sector rose by 8.9% during the three-month period ended 30 September 2019, followed by the investment, the consumer staples, and the real estate sectors that went up by 5.6%, 7.2%, and 0.77%, respectively.

September

In September, the DFM has shrugged off the geopolitical tensions and maintained the positive trend.

The general index levelled up by 0.81% to its current level, gaining 22.47 points in September.

Monthly liquidity stood at AED 4.8 billion last month, compared to AED 2.5 billion in August.

The exchange has seen a trading volume of 2.4 billion shares in September, versus nearly 1.4 billion traded shares in the prior month.

Market capitalisation added AED 3.89 billion at the end of September, closing the month at AED 365.584 billion from AED 36.694 billion in August.

Translated by: Mai Ezz El-Din