DFM sees gains for 4th successive day

Dubai-Mubasher: Dubai Financial Market (DFM) maintained its bullish performance for the fourth trading session in a row, backed by the investment and banks sectors.

The DFMGI gained 0.17% or 5.68 points to reach 3,386.23 points, hitting the highest level since 5 November.

Turnover declined to AED 806.52 million ($219.57 million) on Tuesday, compared to AED 1.89 billion ($514.54 million) on Monday.

Trading volume decreased to 661.37 million shares from 1.59 billion shares.

The investment sector topped gainers after adding 1.66% after Gulf General Investment Co. and Dubai Investments rose 2.76% and 1.88%, respectively.

The banks sector increased 0.29%, spurred by Dubai Islamic Bank (DIB) and Emirates NBD which levelled up 1.25% and 0.13%, respectively.

On the other hand, the telecom sector declined 0.48% as du fell 0.48%.

The real estate sector also decreased 0.22% after Emaar Malls Group retreated 3.5% overshadowing the 0.67% gains by Emaar Properties.

Arabtec Holding was the value leader with a turnover of AED 218.02 million.

 

Mubasher Contribution Time: 08-Mar-2016 10:37 (GMT)