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Emaar in uptrends at AED 8.11
(18 July 2017)

 

Emaar is in uptrends again, setting a record high not seen for several months, closing at AED8.11 though the country's two main bourses remained calm Tuesday as a result of a normal profit booking streak following the strong gains made over the two past two days. 

Emaar's outperformance provided a new indication of the leading property company's ability to even hit new highs over the coming period ahead of the quarterly disclosure of financial results, according to market analysts who added that the UAE developer's plans to list part of it services will provide a considerable boost to its share over the remaining period of the year. 

In the meantime, the Abu Dhabi Securities Exchange General Index closed at 4571 points while Dubai Financial Market at 3578. Advancing shares included Emaar Malls which closed at AED2.54, with a number of dual-listed foreign shares posting positive performance, including Telecom Heist which grew 4 percent and closed at around AED0.606. 

At Abu Securities Exchange, Aldar closed high at AED2.40. A total of 4894 transactions were conducted worth AED578 million over 317 million shares. 

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