Dubai Financial Market recorded during the month of April its highest monthly gain since July 2014, in light of neutralizing external factors after the improvement of oil prices.
General index of the market gains reached up to 20.3% in April, adding 714.64 to its account which rose to the level of 4,229 points, and was closed by the end of March this year at the level of 3,514.4 points.
Wadah Al Taha, an analyst in financial markets said that the Dubai market gains during the month of April, came after the poor performance of the market during the first three months of the year, supported by the return of shear of the lost confidence.
Taha said to "Mubasher" that: neutralizing external influences on the UAE market after the improvement in oil prices, led to response of the market to internal factors marked by the positive results of companies, and dividend payments.
At the sectorial level of performance during the month of April, the investment sector came in the forefront of the gains with significant rise close to 40%, followed by the real estate sector which increased by 28.7%.
And the banking sector gains amounted up to 10.34% in April, and the least gains were of the telecommunications sector which recorded a rise of about 4%, while any of the sectors did not record negative performance.
At the stock level, Emaar gains amounted to about 25%, and Arabtec recorded rose by 29.8%, while the Dubai Islamic gains was in the range of 12% and Emirates NBD rose by 7%.
These big gains of the investment sector came under the collective rise of stocks, led by Dubai Investments, which has achieved a rise of 29.2%, and the Dubai market share gains reached about 45%.
The market's gains which came during April were accompanied by a significant growth of liquidity, compared to March, bringing the average values during April to 1.13 billion dirhams per hearing session compared to 429.3 million dirhams in the previous month with an increase of 164%.
At the level of the quantities, average trading volumes rose in April to 789.7 million shares compared to 303.2 million shares per hearing session in March with a growth of 160.4%.