UPP is up as market’s top gainer
The Dubai Financial General Index DFMGI closed 1.65 per cent higher at 3,875.13 points on Wednesday, February 5. Union Properties (UPP) jumped as the top gainer by 9.82 per cent to AED1.79. Earlier in the week, UPP said that it generated a net profit of AED1.579 ($430.597) in 2013, an eight-fold increase over 2012. Drake and Scull International (DSI) soared by 6.92 per cent to AED1.70. Earlier in the day, DSI said that it has been awarded a SAR328 million ($88.56m) contract to execute complete maintenance, electric and plumbing works at King Saud University in Riyadh, the Saudi Arabian capital. Approximately 1.681 billion shares were traded, valued at AED3.248 billion.