Emaar Jumps to 3-Year High as Properties Sell Out: Dubai Mover
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Emaar Properties PJSC rose to the highest in more than three years after the developer of the world’s tallest skyscraper said units made available at a new Dubai residential development sold out in one day.
Shares of the company with the heaviest weighting on Dubai’s index advanced 3.6 percent to 4.64 dirhams, the strongest level since October 2009, at the close in the emirate. Emaar boosted Dubai’s benchmark DFM General Index 1.5 percent to 1,819.01, the strongest level since April 2010. The stock is the fourth-best performer on the DFM General Index this month, gaining 24 percent.