Emaar’s stock down 1.5% in mid trade despite high quarterly profit

Dubai – Mubasher: Emaar Properties Company declined in Monday’s mid trading by 1.5%, despite the growth in its profits for the first quarter of fiscal 2016.

The stock fell to AED 6.56 as 8.5 million shares were exchanged at AED 56.75 million.

the Dubai-listed company’s profits rose in Q1-16 by 17% to AED 1.2 billion from AED 1.02 billion in Q1-15.

Mubasher Contribution Time: 02-May-2016 09:07 (GMT)
Mubasher Last Update Time: 02-May-2016 09:07 (GMT)