Emaar shares shave AED10 at Dubai market
The Dubai financial market equity index DFMGI closed higher at 4,891.25 points on Monday, August 4. Emaar – and not Arabtec as usual – was the most liquid share as the UAE’s first developer inched up by 3.55 per cent to hit AED10.15, a two-month high.
After the closure, Emaar said its net income in the first six months increased 41 per cent year on year to reach AED1.731 billion Dirham or $471 million, mostly driven by its hospitality and retail sector.
Takaful Emarat lost the most, ending down 2.45 per cent at AED0.798.
Dubai Islamic Bank added 1.93 per cent, while Arabtec advanced by 0.50 per cent.
Seventeen shares gained, while eight declined in value.