Dubai-Mubasher: Dubai Financial Market (DFM) opened Tuesday in the green, backed by the positive performance of investment sector led by Dubai Investments and du.
The DFMGI gained 0.18% or 6.2 points to 3,517.5 points by 10:30am UAE time. The market saw trading of 8.67 million shares through 298 transactions, with turnover of AED 15 million.
UAE markets are expected to hold steady amid a correction process after stock prices fell to attractive buying levels, analysts told Mubasher.
The consumer goods sector topped gainers by as it moved 1.66% higher due to a 1.9% rise in Dubai Parks and Resorts.
The investment sector added 1.4%, backed by Dubai Investments and Dubai Financial Market which increased 1.72% and 0.6%, respectively.
The telecom sector inched up 0.58% as du grew to AED 5.2.
The banking sector tailed the list of rising sectors after moving up 0.03% as Amlak Finance inched up 0.5%, while Dubai Islamic Bank remained unchanged.
The real estate sector fell 0.01% due to a 0.32% decline in Emaar, while Arabtec remained unchanged.
