The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Abu Dhabi / WAM
The value of shares traded in UAE stock markets reported a one-month high of AED900 million, driven by the listing of Emaar
Development on the Dubai Financial Market, as well as the recovery of some blue chips.
Within this context, the DFM General Index rose 1 percent to 3445, while Abu Dhabi Securities Exchange General Index edged bit down by 0.85 percent to 4273 points.
In more details, Emaar Development was a top performer, wooing transactions worth AED279 million, which accounted for 36.6 percent of total trading on DFM, closing high at AED5.77 – 4.3 percent down from its pricing range of AED6.03.
In the meantime, Emaar Properties closed on a high note of AED7.80, while Emaar Malls closed at AED2.15, Damac up to AED3.41, and Arabtec following suit at AED2.47, after its announced new gains.
The dual-listed GFH was among the top performers as
well, jumping to over AED1.75 following transactions worth AED173 million.