UAE: Property sector lifts turnover at the Dubai stock exchange
The property sector lifted the turnover at the Dubai stock exchange to a new high for a second straight day on Monday. Total value of shares traded amounted to Dh4.27 billion, surpassing the Dh3.32-billion-record set the previous day.
The Dubai Financial Market index closed at 987.99 points, down 0.87 per cent from the previous day's record of 996.68. The index also hit a new high of 1,033.94 during the day, going past the peak of 1,000.39 reached on Sunday.
Mortgage firm Amlak Finance, which has risen over 80 per cent in the past two weeks and helped the Dubai index gain 19 per cent over the same period, went down 4.76 per cent to Dh13.
Emaar Properties gained 5.9 per cent to Dh34.10 while Union Properties climbed 5.53 per cent to Dh9.92. All in all, 71 million Emaar shares and 42 million of Union Properties were traded on Monday.