Real estate stocks boost DFM at Monday’s close

Dubai – Mubasher: The Dubai Financial Market (DFM) ended Monday’s trading session in positive territory, supported by the real estate sector.

The general index rose 0.98%, ending the session at 2,599.05 points.

The DFM’s market value reached AED 345.232 billion on Monday, from AED 344.811 million in the previous session.

The real estate sector topped the DFM’s risers adding 2.02% as DAMAC, Arabtec Holding and Emaar Properties levelled up 4.76%, 3.96%, and 2.38%, respectively.

Similarly, the investment sector went up 1.58% due to Dubai Investments’ 1.55% jump.

On the negative side, the banks sector headed the market’s losers falling 0.83% after Ithmaar Holding and the heavyweight Emirates NBD declined 4.54% and 2.25%, respectively.

The DFM’s traded volume declined to 130.64 million shares on Monday compared to 211.51 million shares on Sunday, while the market’s liquidity decreased to AED 132.82 million on Monday against AED 194.06 million in the prior session

Mubasher Contribution Time: 17-Dec-2018 11:13 (GMT)
Mubasher Last Update Time: 17-Dec-2018 11:19 (GMT)