Leaders take charge of rally with Emaar breaking new high

Selective purchases addressing the property and banking sectors amidst a continued growth of leaders, including Emaar and Arabtec, were the hallmarks of Sunday's session at the UAE stock markets, amidst a state of anticipation for leading companies to reveal their financial statements, including Emaar.

Within this context, Emaar broke a new high, closing at AED8.42 with Arabtec following suit to reach AED3.57, a 2.6 percent growth over the last traded price as the company set a date for its H1 financial disclosure, a move which ratcheted deals over its share to AED56 million.

Advancing shares also included Diyar which rose to AED0.531 and Amanat which closed at AED1.12 in addition to a number of dual-listed stocks, including Alsalam Holding which grew 3 percent to close at AED0.837.

At ADX, ADCB continued its rising streak to close high at AED7.40 in addition to Aldar at AED2.38, with the Abu Dhabi bourse General Index closing slightly down 0.23 percent to 4585 points, while DFM was up 0.25 percent to hit 3665 points.

In terms of liquidity and volume of trades, a total of 3036 transactions were conducted over 257 million shares worth AED352 million

source:Wam