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

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.