Page 31 - Emaar Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 rebound in UAE economic activity. Operating expenses, on the other hand, dropped around 7 per cent d...

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 after the gauge ended the final two weeks of April in the red amidst investors into encashing their po...

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 charges on investments rose over 4 per cent, though the impairment allowances for credit losses dropped...

UAE and other GCC stock markets advanced in step with their banking stocks, which rallied after a series of upbeat first-quarter earnings. Saudi Arabia's 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 kingdom's largest lender - newly created Saudi National Bank - inched up around 1 per cent after posting a 20 per cent spike in the bottom-line. Saudi banks have outperformed so far in announcing gains for the first three months of the ...

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. Damac Properties, Emaar Development also joined in the bull run as investors bet their earnings too ...