Cherry-picked deals boost DFM in week

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index increased by 0.56% to 2589.68 points in a week, dragged down by selective purchases.

Market capitalisation gained AED 1.97 billion to AED 345.11 billion over the week, compared to AED 343.14 billion a week earlier.

The investment sector went up 2.96%, as Dubai Investments surged 4.1%, while Shuaa Capital added 0.59%.

The real estate sector rose 2.1% after Deyaar Development soared 5% and Emaar Properties grew 3.5%.

On the other hand, the consumer staples, telecom, and banking sectors declined by 1.37%, 1.34%, and 0.5%, respectively.

DXB Entertainments, du, Dubai Islamic Bank (DIB), and Emirates NBD sank 1.62%, 1.4%, 0.6%, and 0.45%, respectively.

The DFM’s trading volume reached 589.3 million shares in a week, while the market’s liquidity hit AED 690.46 million.

Mubasher Contribution Time: 24-May-2019 21:35 (GMT)
Mubasher Last Update Time: 24-May-2019 21:35 (GMT)