Emaar’s rise to AED8.37 drives market gains
Emaar continued its rising streak Tuesday, setting a new record of AED8.37, the highest in several months, amidst mounting liquidity that spurred the gains held by the markets at the end of today's session.
The giant property company maintained its uptrend for the third straight session, driving DFM General Index up 0.45 percent to 3649 points, while ADX General Index edged bit down 0.1 percent to close 4561 points.
Advancing shares which benefitted from the upbeat sentiments included Dubai Investments, which went up 2.5 percent to close at AED2.42, with Emaar Malls rising to AED2.51, and Arabtec to AED3.51 amidst accelerated trades worth AED50 million over the company's share after it announced a new contract.
A total of 4416 transactions worth AED520 million were conducted over 311 million shares, with 24 out of 57 trading companies closing high, 20 down and 11 at their last traded prices.
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