By: Enas Bahgat
Dubai – Mubasher: After seeing a negative trend since the beginning of 2018, Emaar Malls’ stock added 0.48% to AED 2.080 on Monday.
The stock is expected to grow in the coming period on the back of the company’s reported profits, Ziad Al-Qamiri, a member of the American Academy of Financial Management, told Mubasher.
It is traded now at a profit ratio of 12.2x, Al-Qamiri noted, adding that the stock’s dividend payout ratio (DPR) may reach 4.8% in the next sessions.
Earlier in July, Emaar Malls, the retail and shopping malls arm of Emaar Properties, reported an 8% year-on-year hike in net profit during the first six months of 2018, registering AED 1.102 billion ($300 million).
Translated by: Muhammad Khalid
