Aldar rises 6.5 per cent, Emaar Properties gains 1.2 per cent at market open

21/03/2018 11:33 AST

The shares of Aldar and Emaar Properties, two of the the UAE’s biggest developers, rose during early trade on Wednesday after unveiling a strategic alliance to develop local and international projects worth Dh30 billion a day earlier.

Aldar shares rose 6.5 per cent on Abu Dhabi Securities Exchange and Emaar, the developer behind the world's tallest tower, Burj Khalifa, gained 1.2 per cent on Dubai Financial Market within the first half hour of trading on bets that the joint venture deal will boost their businesses.

The venture will initially start with lifestyle developments on Saadiyat Grove in the cultural district of Abu Dhabi’s Saadiyat Island and Emaar Beachfront, Dubai media office said in a statement yesterday.

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Ticker Price Volume
QNBK 195.00 241,526
APPC 53.30 133,976
JARIR 154.40 89,382
SAICO 11.92 520,367
SABIC 119.80 1,240,718
WALAA 22.38 162,893
STC 84.50 76,808
EMAAR Sector Market
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Price Vs…
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Ticker Price Change
EMAARMALLS 1.72 0.02 (1.17%)
EMAARDEV 4.49 0.18 (4.17%)
DAMAC 1.67 -0.06 (-3.47%)
ARTC 1.90 0.03 (1.60%)
DEYAAR 0.34 0.01 (3.63%)
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