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DFM recovers, closes Wednesday in green

DFM recovers, closes Wednesday in green
The trading volume amounted to 337.98 million shares

Dubai – Mubasher: The benchmark index of Dubai Financial Market (DFM) gained 18.06 points or 1.03% to close at 1,768.83 points by the end of Wednesday’s trading session, recovering from its downward performance on 17 March.

The trading volume amounted to 337.99 million shares that were exchanged at a turnover of AED 274.9 million through 4,975 transactions.

The market cap value increased by AED 120 million to close at AED 266.99 billion from AED 266.87 billion during the previous session.

The investment and financial services sector came on top of the risers with 1.94%, followed by the consumer staples segment with 1.90%.

Dubai Islamic Insurance and Reinsurance Company (Aman) topped 20 rising stocks and gained 13%, while Amanat Holdings led 12 losing stocks and dropped by 5%, which was set as of today as the new limit down for listed stocks in UAE markets.

Union Properties recorded the highest trading volume of 26.93 million shares, while Emaar Properties posted the biggest turnover of AED 57.49 million.

Damac Properties led the rising blue-chip stocks and increased by 4.1%.