By: Mahmoud Gamal
Dubai – Mubasher: Union Properties’ stock grew 1.75% at AED 0.697 during Monday’s trading session, while Deyaar Development’s share rose 1.10% at AED 0.459.
The increase comes after Union Properties denied plans to merge with another real estate firm in the emirate of Dubai, according to a statement to the Dubai Financial Market (DFM).
Moreover, the announcement also supported some real estate stocks to grow during the session as Emaar Malls which levelled up 0.55% at AED 1.82, while Emaar Properties went up 0.42% at AED 4.8.
Translated by: Kholoud Mohamed Hussein
