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DFM extends gains at Tuesday’s close

DFM extends gains at Tuesday’s close
The market cap value added AED 1.31 billion today

Dubai - Mubasher: The general index of the Dubai Financial Market (DFM) edged up by 0.50% or 10.49 points at Tuesday’s close, reaching the level of 2,097.87 points.

This rise was backed by the resumption of tourism activity following months of lockdown to contain the COVID-19 pandemic. 

The market cap value grew by AED 1.31 billion today to stand at AED 296.87 billion from AED 295.56 billion a day earlier. Moreover, a total of 446.67 million shares were exchanged via 4,610 deals at a value of AED 290.85 million.

The services, real estate, and consumer staples sectors rose by 1.74%, 1.07%, and 0.77%, respectively, whereas the investment and financial services sector dropped by 0.27%.

Amlak Finance topped the green zone with 14.74%, whereas Dubai National Insurance and Reinsurance (DNIR) led the red zone with 5%.

Union Properties was the most actively traded stock on all levels after the exchange of 202.62 million shares at a turnover worth AED 60.74 million.

As for the blue-chip stocks, DXB Entertainments settled higher by 0.83%, followed by Arabtec Holding with 0.29%, whereas Damac Properties levelled down by 0.53%.