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Emaar Hits One-Month High Of AED8.24
(31 July 2017)

 

Emaar again stole the limelight on the final day of trading in July, hitting a one-month high of AED8.24, driving most of property companies to perform favourably and leading DFM General Index to gain 0.67 percent, and close at 3633 points.

Tranquility prevailed at Abu Dhabi Securities Exchange whose General Index closed at 4566 points.

Analysts attributed the positive sentiments of today's trades to Emaar's outperformance, expecting the property giant to break further record highs over the current week.

Advancing shares in Monday's session included Damac which increased to AED4 and Union Properties which closed up at AED0.929. The positive performance displayed by the banking sector also beefed up DFM gains, with Emirates NBD climbing to AED8.14 and Dubai Islamic Bank up 2 percent to AED6.08.

In terms of volume of trades and liquidity, a total of 4515 transactions were conducted worth AED445 million against AED263 million in yesterday's session over 265 million shares.

The markets therefore ended in the green, with 31 companies out of 64 closing high, 17 down and 16 at their last traded prices. 

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