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Emaar propels Dubai shares up 2.2 per cent

Fujairah Building Industries suffer most followed by Bank of Sharjah and Al Buhaira National Insurance

Gulf News

Dubai: Emaar Properties propelled Dubai’s DFM index by 2.2 per cent to 1,899.51 points on Sunday, its highest level since November 2009.

Among the gainers, Emaar rose 5.70 per cent to close at Dh5.01, followed by GGICO by 4.52 per cent to Dh0.370 and Dubai Financial Market by 4.13 per cent to Dh1.26

The developer’s shares close at its highest since November 2008.

Among the losers, Depa fell 4.35 per cent to Dh0.330 and Tabreed fell by 2.53 per cent to Dh1.54 and Aman by 2.50 per cent to Dh1.17.

Of the 27 companies traded, 14 rose, 11 fell and two remained unchanged.

About 206.09 million shares worth Dh403.99 million were traded.

The index hit a low of 1861.74 and a high of 1904.55 points during intra trade.

Emaar was the active volume and value leader.


Abu Dhabi:

Abu Dhabi Securities market (ADX) index closed down 0.52 per cent to 2893.71 points.

Among the gainers, Gulf Medical Projects Company rose 14.57 per cent to Dh2.28, followed by Green Crescent Insurance Company by 8.16 per cent to Dh0.53 and RAK Properties by 7.84 per cent to Dh0.55.

Among the losers, Fujairah Building Industries lost 9.95 per cent to Dh1.81, followed by Bank of Sharjah by 6 per cent to Dh1.41 and Al Buhaira National Insurance Company by 5.14 per cent to Dh3.32.

Dana Gas closed steady after the energy firm sold more than half its stake in Hungarian oil and gas group MOL.

Of the 36 companies traded, 15 rose, 17 declined and four closed unchanged.

About 386.46 million shares worth Dh284.03 million were traded on Sunday.

RAK Properties was the most active volume and value leader.