The Dubai Financial Market (DFM) closed Wednesday’s trading session in positive territory, the highest since September, supported by the increase of blue-chip socks.
The general index hiked 1.18% to finish at 2,810.63 points.
The DFM’s trading volume stood at 216.3 million shares, up from 79.19 million on Monday, while the market’s liquidity declined to AED 150.15 million on Wednesday, from AED 100.36 million.
The market has seen a significant improvement on the back of investor optimism about the firms’ third-quarter disclosures, MindCraft Consultants’ CEO Fadi Al Ghattis told Mubasher.
Investors are now looking to implementing selective purchases on shares that have fallen to attractive levels, Al Ghattis added.
The real estate sector topped DFM’s gainers adding 1.93%, followed by the banks and insurance sectors with 1.19% and 1.18%, respectively.
On the negative side, the consumer goods sector headed the market losers falling 0.5%.