Dubai – Mubasher: The stock of Union Properties (UP) saw active performance on Wednesday following the news about Dubai Municipality’s approval for launching a new project by UP.
UP stock rose by 0.9% to reach AED 1.1 by 11:40am UAE time at Dubai Financial Market (DFM), with trading volume reaching 36.9 million shares at a value of AED 41.21 million, which accounted for 30.3% of the market’s AED 135.87 million worth liquidity.
Meanwhile, the real estate segment gained 0.26% on the back of Emaar which rose by 0.3%.
Earlier on Wednesday, UP announced the receipt of an initial approval for the AED 600 million worth Theme Park project from Dubai Municipality.
