Wednesday 24 May 2017 - 9:56 am

Wed 17-05-2017 19:30 PM

Emaar share jumps to AED7.52, raises UAE market indices

ABU DHABI, 17th May, 2017 (WAM) -- The UAE stock markets on Wednesday saw a robust rise in the leading shares of the real estate sector at the Dubai Financial Market, with Emaar share leading at AED7.52, and Etisalat share registering a significant rise.

The largest support for the market came from the Emaar share that bounced to the level of AED7.52 after the calm that dominated trading since Sunday. The shares attracted good liquidity of more than AED51 million.

Emaar's positive performance reflected on the rest of the real estate sector as Emaar Malls' share rose to AED2.59, followed by Damac at AED2.87, while Arabetc share were up AED0.725.

At the Abu Dhabi Securities Exchange, Etisalat share rose to AED17.65, while Eshraq Real Estate gained AED1.10, and First Abu Dhabi Bank closed unchanged at AED11.30.

The final result of the transactions raised the general index of the Dubai Financial Market by 0.54 percent to 3395 points, while the general index of the capital market rose by 0.25 percent to 4593 points.

The value of transactions on Wednesday stood at AED352 million at the two markets, which is half of Tuesday's record. A total of 220 million shares were traded through 3,726 transactions.

Top gainers outnumbered decliners with 27 companies closing higher, 21 closing lower, and 13 others remaining unchanged.

 

WAM/Majok