DFM ends Tuesday in green

DFMGI inched up 3.2 points, or 0.12%, to close the mid-week session at 2,777.82 points

  

Dubai: The Dubai Financial Market (DFM) closed Tuesday’s trading session in positive territory, after five consecutive drops.

The DFMGI inched up 3.2 points, or 0.12%, to close the mid-week session at 2,777.82 points.

The DFM’s trading volume stood at 79.19 million shares on Tuesday, down from 162.31 million on Monday, while the market’s liquidity declined to AED 100.36 million, from AED 166 million.

The DFM is still in need of more market-boosting catalysts to attract further liquidity, vice president of Investment Research at KAMCO Raed Diab told Mubasher.

The financial results of the third quarter of 2018 are expected to improve the market’s performance, Diab added.

Al Salam Holding Group’s stock topped the market gainers with 7.64%, followed by National Central Cooling Company’s (Tabreed) stock with 1.97%.

Meanwhile, Dubai Islamic Insurance and Reinsurance’s (Aman) stock headed the bourse’s losers falling 3%.

Translated by: Kholoud Mohamed Hussein

Source: Mubasher Exclusive

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