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DFM closes Thursday up; market cap records AED 298bn

DFM closes Thursday up; market cap records AED 298bn
Emaar Properties topped the rising blue chips

Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) rose by 1.35% or 28.25 points to stand at 2,107.64 points by the end of Thursday's trading session, maintaining its upward performance on Wednesday, 5 August.

A total of 348.37 million shares were traded through 4,642 transactions at a total value of AED 288.51 million.

The market cap value increased by around AED 2.73 billion to AED 298.17 billion, compared to AED 295.44 billion during the previous session.

The real estate sector led the risers with 1.6%, while the consumer staples segment remained unchanged.

Islamic Arab Insurance Company (Salama) headed the rising stocks with 9.81%, while Ekttitab Holding came on top of the losing stocks with 4.46%.

Union Properties posted the highest trading volume of 124.34 million shares, while Arabtec Holding, down 4.39%, recorded the highest turnover of AED 50.10 million.

Emaar Properties topped the rising blue chips with 2.28%.