Tabreed Climbs to 14-Month High on Property Revival: Dubai Mover
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National Central Cooling Co. soared to the highest level in more than a year on investor optimism the supplier of air-conditioning systems is benefiting from a construction recovery in the United Arab Emirates.
The shares rose 5.2 percent to 1.82 dirhams, the highest close since March 2012. The stock was the second most active after Dubai Financial Market on Dubai’s benchmark index with about 81 million shares traded, or 5.8 times the three-month daily average. Dubai’s DFM General Index increased 0.7 percent.