Dubai, UAE – The Dubai Financial Market index jumped above 6,300 points, continuing its gains for the second session in a row.
It rose at the close of trading on Tuesday by 0.813%, or 50.99 points, to 6,319.3 points, at the highest level since April 2006.
The market capitalization of «DIB» rose to more than 1.0409 trillion dirhams, at the end of a session on Tuesday.
This compares to about 1.0311 trillion dirhams at the end of Monday’s trading, with gains amounting to about 9.7 billion dirhams.
Market performance was supported by a 1.1% rise in banking and real estate stocks.
Meanwhile, shares in the telecommunications and public utilities sectors rose by 1.94% each.
Foreign (non-Arab) investors in the Dubai market turned to buying with a net investment of 142.68 million dirhams.
After recording purchases worth 390.36 million dirhams, compared to sales worth 247.68 million dirhams.
During trading on Tuesday, stocks listed on the Dubai Financial Market attracted liquidity exceeding 1.036 billion dirhams.
After trading approximately 420.65 million shares and executing 16,173 transactions.
