Page 32 - Emaar Development News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 and Deyaar Development also made crucial contributions to the index advance. The index has been trend...

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 from Dh2.6 million reported for the first three months last year. Its topline jumped 51 per cent to Dh...

UAE and other GCC stocks soared, driven by a combination of factors from fairly good-looking first-quarter numbers and Qatar's 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 property shares, with Emaar Development up 5 per cent, while Damac Properties and Deyaar Developmen...

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 Mayne (15.27 per cent) were also planning to sell shares through a secondary offering. Earlier this m...

RAK for White Cement and Construction Materials suged on dividend handouts