A sense of optimism has prevailed on the Emirates financial market over the past few days, as several listed stocks reported price increases resulting from rising exchanges. This positive trend is likely to sustain in the near future, as this market experiences a new form of trade.
According to Al-Hayat newspaper, foreign investors have been permitted, as of September 18th, to exchange shares on the Emirates market directly and freely. This new allowance includes the stocks of the Eemar Real Estate Company. Since this new decision was implemented, exchanges reached peak levels. Previously, foreign investors were limited to the indirect exchange of shares, through designated investment funds.
The market authority reported that on the 17th, 425,000 shares, worth Dh 11.4 million ($3 million) were traded. Moreover, in the previous week, the stock value of Eemar Real Estate Company jumped from Dh 23 to Dh 26.5, constituting a 15 percent rise. – (Albawaba-MEBG)
