21/11/2017 10:06 AST

Shares in Emaar Development, the local real estate arm of top Dubai real estate developer Emaar Properties, fell sharply upon listing on Wednesday.

The stock opened at 5.61 dirhams, down from its initial public offer price of 6.03 dirhams, exchange data showed. The company had priced its initial public offer in the lower half of an indicative range of 5.7-6.9 dirhams per share set earlier this month.


Reuters

Dubai: Emaar Development records 28% growth in property sales

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Emaar Development 2017 net profit surges 30pc

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Trade Arabia

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Mondo Visione

Ticker Price Volume
EMAARDEV Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
EMAAR 13.65 0.10 (0.73%)
ALDAR 8.66 0.36 (4.33%)
ERES 1.12 0.01 (0.90%)
MABANEE 1,050.00 -6.00 (-0.57%)
TECOM 3.20 0.01 (0.31%)
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