By: Mahmoud Gamal
Dubai – Mubasher: Blue chips witnessed several milestones in 2017, pushing the Dubai Financial market’s (DFM) general index up and down.
Annually, Arabtec Holding topped the market’s gainers, surging 84% to AED 2.4, after the restructuring of the company.
DAMAC Properties added 30.4% to AED 3.3, while Mashreq Bank gained 13% to AED 70.
Dubai Islamic bank (DIB), Aramex, and Dubai Investments also went up 11% to AED 6.2, 5.6% to AED 4.27, and 0.42% to AED 2.38, respectively, in 2017.
On the other hand, DXB Entertainments led the market’s losers in a year, shedding 51% to AED 0.638.
The DFM Company and Air Arabia both dropped 10.4% to AED 1.12 and 7.5% to AED 1.23, respectively.
The biggest stock on the DFM did not boost the market to hover in 2017, but tumbled 4.2% to AED 6.8, despite the launch of Emaar Development’s IPO, which was far bigger than Emaar Malls’ in 2014.
Translated by: Muhammad Khalid
