By: Mahmoud Gamal
Dubai – Mubasher: The benchmark index of the Dubai Financial Market (DFM) grew in November by 0.8% or 28.5 points to the level of 3,360.91 points.
Trading volume increased this month to 12.2 billion shares from 3.47 billion shares exchanged last month, turnover also rose to AED 15.02 billion from AED 5.33 billion.
The investment sector was the best performer after adding 11.36%, backed by the rise in Shuaa Capital and 13.5% in Dubai Investments.
The transportation sector leapt 3.9% due to a 38.46% increase in Gulf Navigation Holding.
The banks sector levelled up 0.83% as GFH Group advanced 45.9%, the real estate sector ascended 0.6% as Union Properties and Arabtec rose by 26.6% and 2.33% respectively.
Al Sharhan Stock Centre General Manager, Gamal Agag, suggested that the market movements in November saw speculations on small and mid caps.
Agag advised investors not to over-speculate or pump all their cash into the bourse, and to be careful when selecting stocks to avoid the risk of trading on shares with weak financial fundamentals.
Translated by: Elwy el-Manzalawy
