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DFM gains AED 9bn during June

DFM gains AED 9bn during June
The market cap increased to about AED 292.93 billion

Dubai - Mubasher: The benchmark index of the Dubai Financial Market (DFM) climbed by 6.2% or around 120.19 points to close June at 2,065.28 points, unlike its downward performance in May.

The market cap value increased by AED 9.44 billion ($2.56 billion) to approximately AED 292.93 billion in June, compared to AED 283.49 billion by the end of May.

As for the sectors, banks led the risers with 5.1%.

Meanwhile, the real estate stocks led the green zone in June, as Emaar Properties and Emaar Development gained around 8.8% and 6.1%, respectively.

Arabtec Holding, Damac Properties, and Deyaar Properties rose by 3.2%, 9.1%, and 6.9%, respectively.

It is noteworthy to mention that by the end of the first quarter (Q1) of 2020, the DFM general index retreated by 35.9% or 993.55 points to 1,771.31 points, compared to 2,764.86 points by the end of December 2019.