Page 16 - Emaar Development News Today

Abu Dhabi and Dubai stocks extended their gains from Sunday, with blue-chips leading the advances with the earnings season in full swing. Abu Dhabi Securities Exchange picked up 0.3 per cent to 6,092 points in early Monday trades, with Abu Dhabi Islamic Bank the biggest gainer with 1.5 per cent after first-quarter profits more than doubled to Dh608 million. The improved bottom-line was realised on the back of a combination of factors. Factors driving bottom-line Revenues expanded reflecting a ...

Dubai stocks surged to their best showing in more than two weeks bolstered by real estate stocks, while Abu Dhabi shares were off to a good start in the new month as first quarter earnings provided much needed impetus. Saudi stocks underperformed from a clouded oil outlook and poor corporate results. Dubai Financial Market scaled up 1.1 per cent to 2,654 points in what was its biggest leap since mid-April. The index opened the month on a strong footing gaining nearly 2 per cent, and comes aft...

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...

UAE and other GCC stock markets advanced in step with their banking stocks, which rallied after a series of upbeat first-quarter earnings. Saudi Arabias benchmark index traded 0.9 per cent higher at 10,231 points with financial stocks leading the gains. Al Jazira Bank surged 8.9 per cent after first-quarter profits jumped 77 per cent to SR321.6 million. The kingdoms largest lender - newly created Saudi National Bank - inched up around 1 per cent after posting a 20 per cent spike in the bottom...

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: 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 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...

UAE and other GCC stocks soared, driven by a combination of factors from fairly good-looking first-quarter numbers and Qatars foreign ownership limit removal to oil demand outlook and lower consumer inflation in Saudi Arabia. Dubai Financial Market scaled 2.5 per cent higher at 2,633 points, making for the second-sharpest single-day rise this year as Emaar Properties soared 6 per cent for its best performance year-to-date. The index was further boosted as the rally expanded to the rest of the p...

Tristar announced plans to float up to 24 per cent of its shares last month. The company, which was founded in 1998 as a road transport business but has developed into a storage and distribution company working with major oil firms, was looking to raise up to $160 million in primary proceeds from the float. Existing shareholders Agility (which owns 65.12 per cent of the company), Gulf Investment Corporation (19.61 per cent) and an investment vehicle owned by founder and chief executive Eugene M...

RAK for White Cement and Construction Materials suged on dividend handouts