Banks stocks push DFM to open in green

Dubai-Mubasher: Dubai Financial Market (DFM) saw a positive performance in Monday’s early trades, backed by the rise of banks and transportation sectors.

The general index added 0.08% or 2 points to reach 3,210.5 points by 10:15am UAE time.

The banks sector was the top gainer with a 0.24% rise, backed by Dubai Islamic Bank (DIB) which advanced 1.5%.

The transportation sector went up 0.2% as Air Arabia grew 0.8%.

The investment sector was the worst performer after losing 0.5%, affected by the fall of Dubai Investments.

The real estate sector declined 0.08% as Arabtec Holding retreated 0.7%.

The market saw trading of 24.3 million shares through 242 transactions, with a turnover of AED 22.9 million.

Mubasher Contribution Time: 23-May-2016 06:54 (GMT)
Mubasher Last Update Time: 23-May-2016 06:54 (GMT)