x Abu Dhabi, UAESaturday 20 January 2018

Emaar among the pacesetters on 2010's final trading day

As the closing bell approaches for 2010 trading Emaar Properties were among the first stocks to make an impact.

A partnership between Emirates Healthcare and a unit of Emaar Properties sparked interest in the Dubai property developer's shares, making it one of the early few movers on the last trading day of the year.

Emaar Properties gained 0.8 per cent to Dh3.44 a share after said a unit is collaborating with Emirates Healthcare to operate clinics in Dubai.

Overall the Dubai Financial Market General Index remained flat at 1622.65 at 10:30 am. Dubai Islamic Bank remained unchanged at Dh2.19 after the biggest Islamic lender appointed Adnan Chilwan and Mohammed Al Nahdi as deputy chief executive officers.

The Abu Dhabi Securities Exchange General Index gained 0.1 per cent to 2705.69. Waha Capital, the Abu Dhabi based diversified investment company, was the biggest mover on the Abu Dhabi bourse, gaining 2.7 per cent to 75 fils a share. Aldar Properties, the builder of Yas Island and Ferrari World, added 1.3 per cent to Dh2.28.

Elsewhere in the region, Kuwait's bourse dipped by 0.2 per cent to 6944.70. Bahrain's measure remained flat at 1427.50. Oman's index also remained flat at 6741.67. Qatar's measure gained 0.2 per cent to 8664.21. The Saudi Tadawul All-Share Index was closed for the weekend.