By: Mahmoud Gamal
Dubai – Mubasher: The Dubai Financial Market (DFM) saw a positive performance on Wednesday, backed by the rise of blue chips led by Emaar Properties and Arabtec Holding.
The DFMGI rose 0.32% or 11.6 points to reach 3,660.94 points.
Active trades on medium caps and blue chips pushed the market to a slight rise, according to Eyad Al Bouriki, general manager of Al Ansari Financial Services.
The consumer staples sector led gainers with a 6.6% rise as DXB Entertainments went up 7.4%. The investment sector grew 1.64% after Dubai Investments increased 2.5%.
The transportation sector levelled up 0.7% as Air Arabia grew 0.9%. The real estate sector climbed 1.2% as Emaar Properties and Arabtec Holding rose 1.2% and 0.6%, respectively.
Trading volume reached 271.99 million shares on Wednesday, compared to 198.38 million shares on Tuesday. Turnover amounted to AED 381.64 million, compared to AED 320.19 million.
The rebound witnessed on Wednesday is not enough to help the market maintain its uptrend, technical analyst Mohamed Saeed explained.
Translated by: Julian Nabil
