By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance on Thursday, spurred by the build-up of new positions in the real estate and banks sectors.
The DFMGI rose 0.16% or 5.75 points to reach 3,650.76 points.
The transportation sector was the best performer with a 0.47% increase after Air Arabia grew 0.8%.
The real estate sector went up 0.34% after Emaar Malls Group (EMG) and Emaar Properties grew 0.8% and 0.26% respectively.
The banks sector climbed 0.13% due to a rise in GFH Financial Group and Dubai Islamic Bank (DIB) by 4.35% and 0.16% respectively.
Despite the market’s rise, it is likely to continue its fluctuations till new catalysts appear, Gulf markets analyst Mahmoud Diab told Mubasher.
Closure of the main index above 3,600 points is a positive signal, Diab added.
On the flipside, the investment sector was the top loser with a 0.57% decline as Dubai Investments sank 0.78%.
Trading volume reached 441.59 million shares on Thursday, compared to 716.27 million shares on Wednesday. Turnover amounted to AED 772.69 million, compared to AED 909.18 million.
Translated by: Julian Nabil
