DFM rises on UP stock recovery at Thursday open

Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance in Thursday’s early trades.

The DFMGI grew 0.36% or 12.98 points to reach 3,602.28 points by 11:08 am UAE time.

The real estate sector added 0.55% as Union Properties (UP), Drake and Scull International (DSI), Emaar Malls, Arabtec Holding, and Damac Properties went up 3.61%, 1.09%, 0.83%, 0.60%, and 0.52%, respectively. Deyaar Development and Emaar Properties gained 0.39% and 0.12%, respectively.

UP recovered after falling by around 16% since 17 July.

The banks sector rose 0.23% as GFH Financial Group and Dubai Islamic Bank (DIB) grew 1.11% and 0.17%, respectively.

The market saw trading of 70.76 million shares through 932 transactions, with a turnover of AED 76.57 million.

Mubasher Contribution Time: 17-Aug-2017 07:47 (GMT)
Mubasher Last Update Time: 17-Aug-2017 07:47 (GMT)