DFM rebounds 3.5 percent

DUBAI, Dubai Financial Market General Index rebounded in Tuesday’s trading session, closing up 3.5 percent to 2,613 points, underpinned by real estate and banking blue chips.

Emaar Malls rallied 13.7 percent over the last trading session, closing high at AED1.82, with Emaar Development edging 8 percent high to AED3.76 and Emaar Properties to AED4.37.

On the banking sector, Dubai Islamic Bank spiked to AED5.12, one hour ahead of session closure.

The Monday rally coincided with positive sentiments where up to 5,757 transactions worth AED400 million were conducted over 351 million shares.

Source: Emirates News Agency