Sustained buying momentum pushed the Dubai Financial Market (DFM) to a 10-day high level on the last day of the week, with the benchmark index closing up 11.26 points or 0.76 per cent at 1,497.78.
The last time the benchmark crossed this mark (1,497.78) was on August 23, when the market closed at 1,500.15.
The benchmark looked to be flirting with the 1500-mark throughout the session, even as all sectoral indices ended in the green.
The market volume also inched up from Wednesday's 41 million to around 52 million, while turnover also moving up to Dh84 million from Dh52million.
The market breadth on Thursday's trading was positive with 18 advances against just six declines, with two remaining unchanged.
Major advancers included Aramex, Global Investment House, Commercial Bank of Dubai, Gulf General Investments Company, Emaar Properties, Gulf Navigation Holdings, Shuaa Capital, among others.
DP World’s shares rose 2.29 per cent, as the news came out that it has now become the third largest port operator in the world. Abu Dhabi Securities Exchange (ADX) was also up 2.87 points to close at 2,494.52, with all sectors posting gains.
Trading volume, however, dipped from yesterday’s 42 million to around 39 million. On the other hand, the value of shares traded rose from yesterday’s Dh106 million to around Dh126 million at the end of trading.
Since August 11 (the day the holy month of Ramadan started) to date, DFM is up by 1.02 per cent, while ADX has almost remained flat, down marginally by 0.04 per cent.