Page 19 - Emaar Development News Today

Dubai: Dubai stock market snapped five days of gains, led lower by the blue-chip banking and property shares, while its Abu Dhabi peers showed a muted performance with losses in banks capped by gains in telco Etisalat. Dubai Financial Market traded down 0.8 per cent to close at 2,601 points. The pullback followed five sessions of back-to-back gains which together added 3.5 per cent to the indexs value. Leading the losses were financial and real estate sectors whose vast majority of stocks close...

Dubai and Abu Dhabi stocks eased back in early trade on Monday, with banking and real estate stocks leading the losses after three days of rally lured investors into booking profits on their positions. Dubai Financial Market pulled back 0.4 per cent as its top lender Emirates NBD shed 2.2 per cent to trade at Dh11.4, while Emaar Development retreated 1.1 per cent. Islamic Arab Insurance dropped 0.9 per cent, after it reported Dh308.1 million in accumulated losses. This representing 25.5 per cen...

Dubai: Dubai Financial Market closed higher for a third straight session led all the way by its banking and property stocks as Dubais landmark urban development plan revived investor hopes about the real estate sector getting back to rising trends. Dubais main index jumped 1 per cent to close at 2,600 points bolstered by Dubai Islamic Bank which climbed 2.3 per cent providing the biggest single boost to the index. Other financial stocks to rise were Amlak Finance and Ajman Bank. Property stocks...

Dubai: Saudi Arabian stocks closed higher on Wednesday with nearly all banking stocks advancing taking their cue from the $1.9 trillion US stimulus signing into law and as prospects brightened for sooner reopening of economic activities around the world. Saudi Arabias benchmark index notched up 0.8 per cent to 9,665 points. Riyad Bank, Alinma Bank, Samba Financial Group and Albilad all moved upward with Saudi British Bank shooting up 2.2 per cent after announcing the completion of Alawaal Bank ...

They have until 6pm Tuesday to make up their mind to vote 'yes' or 'no'

Other Gulf markets moved sideways as investors appeared lacking a clear direction

Gains for Aldar and Etisalat propels ADX, while property shines in Dubai

It's been particularly hard going for Dubai's real estate stocks

DIB traded at multi-week low after the latest earnings lagged

Dubai’s Emaar Properties posts 58% slump in net profit for 2020 0 Comments Get daily business news from the region delivered straight to your inbox I agree to the terms and conditions SIGN UP Emaar now has a total sales backlog of Dhs36.677bn, of which Dhs24.738bn is in the UAE by Zainab Mansoor February 15, 2021 Dubai developer Emaar Properties reported a net profit of Dhs2.617bn, against Dhs6.2bn achieved in 2019, slipping 57.8 per cent. Meanwhile, its revenue of Dhs19.710bn, also ...