Emaar Properties shares are at their highest level in 10 years

September 21

 

Emaar Properties shares jumped more than 5% during a trading session on Thursday to 7.85 dirhams, the highest level since January 2014.

By mid-session, the stock had attracted trades of more than 190 million dirhams. For its part, “Emaar Development” rose 2.1% to 7.22 dirhams.

Dubai Islamic also attracted 51.7 million dirhams and was up more than 1% at 5.77 dirhams, while Dubai Financial attracted 44.7 million and rose 3% to 1.67 dirhams.

On the other hand, Emirates NBD fell about 3% below 18 dirhams, after rising during morning trading to 18.75 dirhams.

The Dubai Financial Market continued to rise in Thursday’s session and touched 4173 points, on the impact of more purchasing operations led by “Emaar Properties.”

In Wednesday’s session, the Dubai Financial Market index jumped 1.56% to 4138.4 points amid strong performance by the shares of “Emaar Properties”, “Emirates NBD” and “Emaar Development”.