Emaar shares pace DFM; ADSM up 3pc

DUBAI — Paced by Emaar Properties, shares in the Dubai Financial Market (DFM) General Index yesterday rose 129.83 points or 2.3 per cent to close at 5,682.56. The Abu Dhabi bourse, paced by Etisalat, jumped 134.07 points or 3.1 per cent at 4,486.13.

By A Staff Reporter

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Mon 10 Dec 2007, 9:10 AM

Last updated: Sat 4 Apr 2015, 9:35 PM

Emaar, the largest publicly traded property developer in the Middle East and Africa, advanced 2.3 per cent from Dh13.30 to Dh13.40. Its volume of shares was valued at Dh401.2 million.

Bringing its winning streak to six days, DFM's volume of shares reached 550.6 million and valued at Dh2.7 billion. It had 28 companies that traded, 24 of which had advanced, and saw 13,694 shares changing hands.

Al Firdous Holding grew 8.3 per cent from Dh2.40 to Dh2.60, leading all other DFM-listed companies. Union Properties, a player in the construction sector, climbed 7.6 per cent to Dh4.82 while Dubai-based du, officially known as the Emirates Integrated Telecommunications Co, rose 7.3 per cent to Dh6.36.

Arab Emirates Investment Bank and National Cement Co were the only losers, dropping five per cent to Dh1,282.40 and 2.4 per cent to Dh10 respectively.

The second-biggest Arab phone company Etisalat, or Emirates Telecommunications Corp, ended up 7.1 per cent to Dh23.45.

More news from