The Dubai Financial Market (DFM) ended Tuesday in the green for the second successive session, adding 33.10 pts or 0.65% and closing at 5127.92 pts, passing the 5100-pt level once more.

Turnover saw a significant increase today as 230.574 million shares traded at a value of AED 1.01 billion, through the execution of 4982 transactions.

A total of 27 companies traded today, of which 8 gained, 15 retreated and 4 stabilised at previous levels.

DFM gains were supported by a semi-collective rise of sectors with the transport sector being the only decliner by 0.03%, while the consumer staples and industrial sectors remained flat. The banks and services sectors topped gainers after adding 1.45% and 1.17%, respectively.

Dubai Islamic Bank (DIB) topped banking stock gainers after adding 3.2% to AED 8.440.

Market experts and analysts believe that UAE stock markets currently offer promising investment opportunities as share prices are 25% less than their fair value. Moreover, they have excluded Standard and Poor’s reclassification as having a direct effect on the market as funds do not enter the market at a quick pace but require some time to study the targeted stocks and seize the opportunity to enter the market at a convenient time.