DFM General Index 0.57% up
Dubai Financial Market General Index (DFMGI) finished the first session this week on an up note, adding approx. 0.57%. The index opened at an intraday-low of 1746.29 points, yet it reversed the down trend, recording an intraday high of 1782.16 pts before settling at 1769.27.
Trading volume declined today, as nearly 172 million shares were exchanged, compared to 221.2 million shares on Thursday. Similarly, turnover retreated from AED 457.4 million to roughly AED 331.5 million, generated through 4298 transactions.
Advancers outnumbered decliners by 15 to 5, while 7 stocks paused at their previous closes.
Al Salam Bank- Bahrain spearheaded advancers, skyrocketing 9.20% to finish at AED 0.95. Arabtec ranked second, leapfrogging 6.28% to AED 2.37, followed by AMAN that climbed 4.30% to AED 0.97.
Emaar was today’s volume and value leader, as nearly 40.9 million of its shares were exchanged at a total value of AED 153 million. The UAE leading developer added 2.18% to AED 3.75. Dubai Financial Market Co. (DFMC) came second upon exchanging approx. 23.5 million shares at a total turnover of AED 43.5 million. The index operator rose 1.64% to AED 1.86.
On the bleak side, Hits Telecom led decliners, falling 5.97% to AED 1.26, with a traded volume exceeding 263.4 thousand shares. It was followed by SHUAA Capital that dropped 5.06% to AED 1.50. Emirates NBD took the third position, shedding 4.41% to AED 2.82.
Most sectors ended in the green, led by Utilities with a gain of 2.53%, followed by Real Estate & Construction (2.20%) and Transportation (1.15%). Insurance tailed the list, inching up 0.53%.
Bucking the uptrend, Banks was the sole declining sector, closing 1.31% down.
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