|24 September, 2018

Union Properties, Deyaar stocks rise on denied merger Monday

The increase comes after Union Properties denied plans to merge with another real estate firm

Dubai: 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

Source: Mubasher Exclusive

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