GulfBase Live Support
21/04/2015 00:30 AST
Damac Properties shares broke through the Dh3 barrier for the first time yesterday, boosting Dubai’s stock market to a new high for the year so far.
Damac shares ended trading up 11.8 per cent at Dh3.31, their highest level since its January listing. The developer is expected to announce improved results tomorrow, analysts said.
The Dubai Financial Market General Index erased losses from Sunday’s trading, closing 1.8 per cent higher at 4,095.04.
“Investor confidence is returning to high levels,” said Tariq Qaqish, the head of asset management at Al Mal Capital in Dubai.
“We had the news yesterday about Dubai World’s debt repayment and robust results from Mashreq and Etisalat, so there’s high confidence.”
Aramex and Emirates NBD were the other main blue chip gainers, closing up 5.5 per cent and 4.4 per cent, respectively.
In the capital, the Abu Dhabi Securities Exchange General Index closed up 0.7 per cent at 4,657.24.
Union National Bank, which reported record quarterly profit of Dh615 million, and Eshraq Properties were among the capital’s main gainers, up 3.5 per cent and 1.0 per cent, respectively.
Dana Gas was the main loser of the day, closing down 4.1 per cent at 46 fils.
Elsewhere in the region, Saudi Arabia’s Tadawul ended down 0.3 per cent at 9,589.42, following a 4 per cent gain on Sunday on news that qualified investors would be able to invest in Saudi equities for the first time from mid-June.
The National
20/03/2018
Damac Properties has issued a new tender for enabling works on its Vera Residences, a luxurious 30-storey tower in the heart of Business Bay, with elegantly appointed interiors, world-class amenities
The Gulf Today
13/03/2018
Dubai-based Damac Properties has issued a new tender for main works for a second tower at its six-tower luxury master development, Aykon City, on Sheikh Zayed Road overlooking Dubai Canal.
Trade Arabia
08/03/2018
Damac Properties has awarded another construction contract worth Dhs424 million to Arabtec to build additional villas in AKOYA Oxygen. EFECO (Emirates Falcon Electromechanical Co.), a subsidiary of A
The Gulf Today
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
STC | 83.41 | 257,644 |
DARALARKAN | 13.47 | 74,648,349 |
Ticker | Price | Change |
---|---|---|
EMAAR | 5.61 | -0.03 (-0.54 |
EMAARMALLS | 2.16 | 0.00 (0.00 |
EMAARDEV | 5.33 | 0.03 (0.56 |
UPP | 0.88 | -0.01 (-1.13 |
ARTC | 2.23 | 0.00 (0.00 |
05/04/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
04/04/2018
Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o
The Peninsula
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Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than
Gulf News