DUBAI: Financial and property stocks lifted bourse in the United Arab Emirates yesterday, while Egypt rebounded after three days of heavy profit-taking.
Dubai’s index rose 1.6 percent. Shares in Emaar Properties broke through the psychologically important level of Dh10 to end 1.5 percent higher at Dh10.10.
Abu Dhabi’s index rose 1.2 percent to 4,954 points, approaching the February peak of 5,005 points, on the back of banking and property stocks. Egypt’s index, which had lost 8 percent of its value in the previous three sessions, rebounded yesterday to close 1.5 percent higher.Reuters
