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اراب فاينانس - أخبار - سوديك تحتفل بافتتاح فرع توثيق مميز جديد بنادي Club S ويستاون

اراب فاينانس - أخبار - سوديك تحتفل بافتتاح فرع توثيق مميز جديد بنادي Club S ويستاون
arabfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabfinance.com Daily Mail and Mail on Sunday newspapers.

اراب فاينانس - أخبار - الرصيد النقدى للديار الإماراتية يعزز فرص اقتناص سوديك

اراب فاينانس - أخبار - الرصيد النقدى للديار الإماراتية يعزز فرص اقتناص سوديك
arabfinance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabfinance.com Daily Mail and Mail on Sunday newspapers.

UAE stocks expand their rally on development roadmap

Dubai: Dubai Financial Market closed higher for a third straight session led all the way by its banking and property stocks as Dubai s landmark urban development plan revived investor hopes about the real estate sector getting back to rising trends. Dubai s main index jumped 1 per cent to close at 2,600 points bolstered by Dubai Islamic Bank which climbed 2.3 per cent providing the biggest single boost to the index. Other financial stocks to rise were Amlak Finance and Ajman Bank. Property stocks were not left behind with the emirate s top developer Emaar Properties and its subsidiaries Emaar Malls and Emaar Development all gaining on the prospect that the real estate sector stands to benefit the most from Dubai s 2040 urban development plan designed to more than double its tourism and hotel capacity.

Blue-chip banks lead Saudi stocks higher

Dubai: Saudi Arabian stocks closed higher on Wednesday with nearly all banking stocks advancing taking their cue from the $1.9 trillion US stimulus signing into law and as prospects brightened for sooner reopening of economic activities around the world. Saudi Arabia s benchmark index notched up 0.8 per cent to 9,665 points. Riyad Bank, Alinma Bank, Samba Financial Group and Albilad all moved upward with Saudi British Bank shooting up 2.2 per cent after announcing the completion of Alawaal Bank merger and its full integration. Dividend factor Abdullah Al Othaim Markets rose 2.2 per cent after its board of directors recommended SR3 per share as half-year dividends. It had earlier reported a 16.3 per cent jump in fourth-quarter profits. Saudi Company for Hardware also ended the day higher by 1 per cent as its full-year profit soared 39 per cent and its board decided to hand out SR0.75 riyal per share dividend to shareholders.

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