Page 35 - UNION PROPERTIES GENERAL REPORT - October 2024

10/2/24, 12:09 PM Dubai Bourse Leads GCC Peers In September Gains

Dubai Bourse Leads GCC Peers In September

Gains

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10/1/2024 3:05:05 PM

(MENAFN- Khaleej Times) Cementing its status as a key enabler of the UAE's non-oil
economy, the DFM General index recorded a 4.1 per cent increase last month, its fourth

consecutive monthly gain and the largest monthly gain among the GCC markets in
September, to close at 4,503.48 points, a report showed on Tuesday.

According to a report by Kamco Invest, the monthly performance pushed the year-to-date
gains in 2024 for the DFM index to the highest in the GCC at 10.9 per cent. In terms of

sectoral indices, seven out of the eight sectors recorded growth during the month. The overall

index growth was broad-based although growth in the top weighted indices such as the
financial index (+3.6 per cent) and the real estate (+3.1 per cent) drove the overall index
performance during September. The communications services index jumped 11.1 per cent,

the biggest increase for the month, followed by the consumer staples and the utilities indices
which recorded gains of 5.7 per cent and 5.2 per cent respectively. The financial index's

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