“Emaar” turns the stock exchange of Dubai Stock Exchange towards billionaires gains by closing

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Dubai – Mubasher: The general index of the Dubai Financial Market rose at the end of trading on Sunday, coinciding with the rise of Emaar Properties, a leading share that increased the market’s gains by more than one billion dirhams, in conjunction with Government incentives launched to contain the outbreak of the Corona virus.

According to stock exchange data, the index increased by 1.28 percent, or 23.16 points, to reach the level of 1832.28 points, Violating negative performance in Thursday’s session.

The market value recorded a growth of 1.81 billion dirhams to reach 273.81 billion dirhams, compared to 272 billion dirhams last Thursday. And traded in today’s session about 204.25 million shares, worth 148.46 million dirhams, after the implementation of 3307 transactions.

The investment and financial services sectors, consumer goods, and services recorded 3.25 percent, 2.91 percent, and 0.13 percent, while the banking sector fell 0.39 percent.

And rose 19 shares, the most prominent of which was the Gulfa Mineral Water and Processing Industries Company by 14.90 percent, while 11 shares, the most prominent of which was Gulf Navigation Holding Company, fell by 4.97 percent.

The most active shares in terms of trading volume were Union Real Estate Company after trading 30.58 million shares, and Emaar Real Estate was the most heavily traded issue by value, with liquidity amounting to 48.69 million dirhams.

Shares of DAMAC Properties increased by 3.95 percent, Dubai Investment Company by 3.74 percent, DXB Entertainments Company by 3.15 percent, Arabtec Holding Company by 1.24 percent, while Dubai Islamic Bank fell 0.26 percent.

It is reported that Damac Properties I announced a decision this morning The general assembly meeting will be held next Thursday, April 23, to discuss reducing the number of members of the Board of Directors and the Emiratization plan by the company’s administrative structure

On Saturday, Dubai’s free zones announced the launch of an economic incentive package to enhance and support the business sector in Dubai and mitigate the effects of the current economic situation, noting The procedures included delaying the payment of rents Up to 6 months, refund insurance amounts (guarantees).

The procedures included facilitating easy installment payments, canceling fines for companies and individuals, as well as making temporary contracts that allow the free movement of labor between companies operating in the free zones.

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