Abu Dhabi – Mubasher: Dubai-listed real estate stocks in Monday’s early trades, pushing the Abu Dhabi Securities Exchange (ADX) to rise.
Emaar Properties was one of the most prominent gainers after adding 1.37% by 11:19 am UAE time, while Arabtec Holding went up 0.53%, followed by Drake and Scull International (DSI), Union Properties (UP) and Deyaar Development which grew 0.53%, 0.46%, and 0.39%, respectively.
The stock rise came in line with the news that Emaar got a $1.5 billion loan from First Abu Dhabi Bank (FAB), sources told Reuters.
The real estate sector managed to recover and rose 0.76%. However, Damac Properties was the only loser after falling 0.52%.
The market saw trading of 49.49 million shares through 927 transactions, with a turnover of AED 83.52 million generated from the exchange of 83.52 million shares.
The general index rose by AED 0.32 or 11.45 points to reach 3,643.21 points.
