Dubai – Mubasher: Deyaar Development’s stock fell to the lowest level since the beginning of 2017, in line with the decline of its annual financials.
The stock fell 4.22% to AED 0.635 by 12:14pm UAE time, with a turnover of AED 32.17 million generated from the exchange of 49.49 million shares.
The company posted a 52.5% decline year-on-year in its profits to AED 48.15 million ($13.11 million) in Q4-16. Net profits fell 25.8% year-on-year to AED 216.15 million in 2016.
