DFM gains 4 pts on Monday

By: Enas Bahgat

Dubai – Mubasher: The Dubai Financial Market’s (DFM) general index added 3.89 points, or 0.14%, to close at 2,829.72 points on Monday.

The DFM’s trading volume reached 64.36 million shares, while the market’s liquidity reached AED 130.56 million.

The DFMGI is expected to stabilise at 2,800-point level, technical analyst, Ibrahim Al Felkawy told Mubasher.

The market will maintain a growth trend in the coming period, Al-Sharhan Centre’s general manager Gamal Agag said.

The services sector added 2.38% after Amanat surged 4.31%, while the banks sector rose 0.85%, as Emirates NBD went up 2.37% and Dubai Islamic Bank (DIB) grew 0.2%.

In a similar vein, the consumer staples sector added 0.26%, as DXB Entertainments increased by 0.29%.

On the other hand, the real estate sector declined 0.6% after Damac Properties dropped 3.29%, while Deyaar, Arabtec, and Emaar Development lost 1.71%, 1.56%, and 1.34%, respectively.


Translated by: Muhammad Khalid

MUBASHER Contribution Time: 27-Aug-2018 11:33 (GMT)
MUBASHER Last Update Time: 27-Aug-2018 11:38 (GMT)