Bank shares boost the Dubai market’s rise by the end

At the conclusion of today’s session, the Dubai Financial Market index continued to rise for the third session by 0.39% at the level of 3662 points, touching the highest level since February 2017, coinciding with the rise of 12 shares, especially bank shares, with the start of the marathon of announcing the results of companies’ business.

The value of trading on the Dubai Financial Market during today’s trading amounted to 577.18 million dirhams, with a trading volume of 276.01 million shares, through 8,171 thousand deals.

The performance of the market came in conjunction with the increase in the banking sector index by 1.26%, while the investment fell by 0.94%, and in contrast, the real estate sector index declined by 0.66%.

The decline was dominated by real estate shares in the Dubai market following the significant increases achieved by shares during the past two sessions, as Emaar Properties declined by 0.47%, while Deyaar Development declined by 2.63% and Union Properties decreased by 3%.

The performance of the banking sector coincided with the rise of Dubai Islamic by 1.29%, while Emirates NBD rose by 1.35%, while Amlak rose by 7.43%.

The performance of the market came in conjunction with the increase of DEWA by 0.35% at the level of 2.85 dirhams.

Dubai Financial Market share declined by 1.1%, while Shuaa rose by 3.49%, while Air Arabia rose by 2.43%.

Emaar shares topped the list in terms of trading value with 193.537 million dirhams, followed by Dewa shares with 76.924 million shares, while Amlak Shares topped the list in terms of trading volumes with 47.64 million shares.

During today’s trading, 12 stocks rose, 14 stocks fell, while 5 stocks stabilized.