Dubai Property Giant's Fabulous February Triggers Sentiment Test
- Emaar Properties stock is enjoying best month in three years
- Stock was last above its 200-day moving average in 2017
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A rally in Emaar Properties PJSC, Dubai’s biggest listed real-estate developer, has pushed the stock beyond a key level for the first time since 2017, testing sentiment among investors still wary about the health of the sector.
The shares have climbed 14 percent in February, headed for the best month in three years. The gains have taken the stock beyond its 200-day moving average, a level it held for some five months the last time this happened.