By: Bedour Alraei
Dubai-Mubasher: Emaar Properties’ stock saw positive performance in Monday’s early trades on the Dubai Financial Market (DFM), backed by the announcement of its financials for the second quarter of 2016.
The stock rose 1.61% to AED 6.93 by 12:00pm UAE time, with a turnover of AED 46.09 million generated from the exchange of 6.6 million shares.
Emaar posted net profits of AED 1.27 billion ($346 million) in Q2-16, an 8% rise from AED 1.18 billion ($321 million) in Q2-15. In H1-16, profits grew 12% to AED 2.47 billion ($674 million) from AED 2.20 billion ($600 million) achieved in H1-16.
The DFM’s main index rose 0.73% or 25.48 points to reach 3,509.80 points at the same time.
Translated by: Julian Nabil
