Page 6 - Deyaar Development News Today

Dubai: Dubai and Abu Dhabi stocks headed upward in early trades as robust first-quarter earnings kept the momentum going for the markets, while Qatar Exchange pulled back after undergoing a wide selloff. Dubai Financial Market eked out 0.4 per cent at 2,616 points with Air Arabia appreciating past 2 per cent after recently announcing plans to resume flights for a number of destinations. That marked a sign that the aviation sector was opening up as parts of the world began to recover from the pa...

Dubai: Saudi Arabian stocks headed lower with the banking stocks leading the losses after subdued first-quarter results from the sector. Dubai and Abu Dhabi stocks outperformed as the momentum created by the earnings goes on. Saudi Arabia benchmark index inched down 0.5 per cent at 10,362 points. Riyad Bank retreated 2.8 per cent after the first-quarter profits shrank more than 8 per cent taking a hit from higher total operating expenses coupled with lower total operating income. Impairment cha...

Dubai and Abu Dhabi stocks traded in the red as the selloff continued of banking stocks despite fairly upbeat first quarter numbers. In Qatar, the index hardly changed changed with insurance and banking stocks pulling in opposite directions. Dubai Financial Market slipped 0.7 per cent to 2,610 points, pulled lower by banking and real estate stocks. Union Properties, Deyaar Development and Emirates NBD headed downward, while Dubai Islamic Bank also slipped into the red after the first-quarter p...

Dubai: Dubai and Abu Dhabi stocks showed little upward movements with investors trading cautiously as the first-quarter earnings announcements are set to gather pace this week. Qatari stocks edged back ahead of the blue-chip results planned for later in the day. Dubai Financial Market edged up 0.1 per cent at 2,629 points with property shares leading the advances. Deyaar Development and Emaar Properties moved upward in another upside rally after reporting massive numbers for the first quarter. ...

Dubai: Abu Dhabi and Dubai stocks advanced in early trades as strong blue-chip corporate earnings continued to provide guidance to investors in otherwise volatile market conditions. Some stocks in Qatar moved in opposite directions after reporting mixed numbers for the first quarter. Abu Dhabi Securities Exchange traded 0.3 per cent higher at 6,081 points with First Abu Dhabi Bank showing a choppy trading, swinging between ups and downs before relatively stabilizing up 0.6 per cent. Its first-q...

UAE and other Gulf stocks underwent selling pressure in early trades after new waves of COVID-19 in some systemically important countries led to fresh lockdowns and stoked fresh investor fears about global economic recovery. Equity markets elsewhere are already reeling from the selloffs. Abu Dhabi Securities Market dropped 0.5 per cent to 6,124 points, giving up some of the gains from yesterday. The volatility is expected to stay on for the short-term as investors turn cautious and wait to sei...

Dubai: Dubai stocks scaled new heights with real estate stocks displaying yet another stellar performance after recent upbeat numbers from the sector brightened investor hopes about the developers plotting their patch back to positive growth. Dubai Financial Market advanced 1.1 per cent to trade at 2,662 points adding to its gains of 2.5 per cent in the prior session, driven by the key developers. Emaar Properties and Emaar Development traded on top of the gainers list, while Damac Properties a...

Dubai: GCC stock markets demonstrated a mixed performance on Sunday with Dubai and Saudi shares moving higher, while their Qatari peers underperformed as they underwent intense selling pressure from the lenders. Saudi Arabias benchmark index ticked up 0.6 per cent to trade at 10,049 points. The gains were spread across the sectors with material, financial and telco share contributing more than others to the upward movement. Al Rajhi Bank, Saudi Basic Industries and Saudi Telecom all added value...

The ready and off-plan residential portfolio of Deyaar, which is majority owned by Dubai Islamic Bank, has seen a high demand and “we expect this demand to grow even more with the economic recovery in the emirate and the effort that the government [is making] towards executing the Dubai Urban Master Plan 2040”, he said. The property market in the UAE softened in the wake of a three-year oil price slump that began in 2014 and as a result of the Covid-19 pandemic, which pushed the global econ...

Dubai stocks surged with real estate flying high on earnings, while Qatar Exchange jumped to its best day in a year after the Cabinet gave the go-ahead for foreigners to own the entire capital of publicly trading companies. Dubai Financial Markets soared 1 per cent to trade at 2,599 points after real estate outperformed as investors received one more cue that property companies are returning to the growth path. Deyaar Development announced a surge in quarterly profits to Dh15.1 million, up fr...