By: Bedour El Raie
Dubai – Mubasher: The Dubai Financial Market General Index (DFMGI) finished Thursday at a positive performance after growing 8.11 points, or 0.29%, reaching 2,480.16 points.
The DFM’s trading volume stood at 183.644 million shares, through 1,881 transactions, with a turnover of AED 238.724 million.
The banks sector gained 0.35% as Ajman Bank’s stock rose 2.49%, while Emirates NBD’s stock grew 0.53%.
The real estate sector increased 0.24% after Arabtec Holding, Union Properties, and Emaar Properties levelled up 1.60%, 0.73%, and 0.40%, respectively.
The telecommunication sector and its only stock du added 0.20% each.
Commenting on the DFM’s performance, market analyst Jamal Abdelhamid noted that blue chips were the top risers, allowing the benchmark index to extend its gains and to test the bottom at 2,805 points during the session.
Markets are still lacking in liquidity, he told Mubasher, forecasting that turnover and trading will resume their momentum after the summer holidays are over and investors return to the markets.
The consumer staples sector topped risers with 1.05%, whereas the transportation sector was the worst performer with 0.67% as Air Arabia’s stock tumbled 1.94%.
Ajman Bank’s stock led the DFM in terms of trading value, having registered AED 79.45 million by the end of the session.