{"id":623,"date":"2016-01-02T06:01:00","date_gmt":"2016-01-01T23:01:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-shares-tumble-in-first-day-of-trading-for-2016\/"},"modified":"2016-01-04T00:04:59","modified_gmt":"2016-01-03T17:04:59","slug":"emaar-shares-tumble-in-first-day-of-trading-for-2016","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-shares-tumble-in-first-day-of-trading-for-2016\/","title":{"rendered":"Emaar shares tumble in first day of trading for 2016"},"content":{"rendered":"


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\nThe UAE\u2019s stock markets were down as they opened for the first time in 2016.The Dubai Financial Market General Index lost 0.5 per cent on Sunday, while the Abu Dhabi Securities Exchange General Index lost 0.8 per cent.The kickoff of trading for the year came three days after a fire ravaged The Address Downtown Dubai hotel, which is owned by Emaar Properties. The developer is the most important single stock in the Dubai market, accounting for 18.6 per cent of the index\u2019s weight.
\nOn Sunday the company\u2019s shares fell as much as 4.4 per cent in early trade but recovered most of that by the close, finishing down 1.5 per cent at Dh5.60 a share. Emaar shares fell 21.6 per cent in 2015, with a price range for the year between Dh8.24 a share and Dh5.13 a share.Emaar\u2019s malls unit, Emaar Malls, operates company flagship The Dubai Mall, which is next to the Address hotel in Downtown Dubai. Shares in Emaar Malls began trading on October 1, 2014. They rose 1.4 per cent in 2015. On Sunday, they followed the same general pattern as the parent company: they were down as much as 1.8 per cent early on, but finished down 0.3 per cent.
\nEmaar Malls is the third most important stock in Dubai, accounting for 7.8 per cent of the index\u2019s weight.The company with the No 2 weighting, Dubai Islamic Bank at 15.9 per cent, lost 1.7 per cent in Sunday\u2019s trading.Traders and market observers have identified big-picture issues for the markets in 2016 including the price of oil, the scale of China\u2019s economic slump, and whether and when the Fed increases US interest rates.
\nA note for comparative purposes: on the first day of trading in 2015, the Dubai index dropped 2.2 per cent and the Abu Dhabi index shed 1.7 per cent – indeed both indices started 2015 with three losing days in a row. The indices ended the year down 16.5 per cent in the case of Dubai and down 4.8 per cent in the case of Abu Dhabi.rmckenzie@thenational.aeFollow The National\u2019s Business section on Twitter
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\nSource : thenational.ae
\nRead more…Emaar shares tumble in first day of trading for 2016<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The UAE\u2019s stock markets were down as they opened for the first time in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-623","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-a3","jetpack-related-posts":[{"id":577,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-shares-tumble-in-first-day-trading-since-the-address-fire-in-dubai\/","url_meta":{"origin":623,"position":0},"title":"Emaar shares tumble in first day trading since The Address fire in Dubai","date":"January 2, 2016","format":false,"excerpt":"\r \r The UAE\u2019s stock markets were down as they opened for the first time in 2016.The Dubai Financial Market General Index opened the year 1.0 per cent lower while the Abu Dhabi Securities Exchange General Index had fallen 0.7 per cent as of noon.The kickoff of trading for 2016\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54735,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-residential-launches-lift-profit-amid-positive-economy\/","url_meta":{"origin":623,"position":1},"title":"Emaar residential launches lift profit amid 'positive economy'","date":"May 14, 2017","format":false,"excerpt":"\r A spike in the value of sales of new residential property in Dubai helped lift first-quarter profit for developer Emaar amid what its chairman calls a positive economic environment in the emirate. The developer said that its preliminary net profit for the first three months was 15 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-property-sales-lift-emaars-first-quarter-profit\/","url_meta":{"origin":623,"position":2},"title":"Dubai property sales lift Emaar's first-quarter profit","date":"May 14, 2017","format":false,"excerpt":"\r Emaar Properties' first-quarter profit were lifted by 15 per cent from a year earlier as sales spiked for new residential properties in Dubai.The Burj Khalifa developer said that its net profit was Dh1.38 billion in the first three months of the year, up from Dh1.2bn, as property sales began\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rise-in-profit-for-dubais-emaar-malls-less-than-expected\/","url_meta":{"origin":623,"position":3},"title":"Rise in profit for Dubai's Emaar Malls less than expected","date":"February 8, 2016","format":false,"excerpt":"\r \r The tills may still be ringing and the droves of tourists still arriving, but Dubai's retail juggernaut showed signs of slowing slightly yesterday as fourth-quarter profit at the emirate's largest shopping centre owner missed analysts' expectations. Profit for the quarter ended December at Emaar Malls Group, which owns\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":619,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-hotel-revenue-to-be-hit-after-dubai-fire-as-developer-appoints-contractor-to-restore-the-address\/","url_meta":{"origin":623,"position":4},"title":"Emaar hotel revenue to be hit after Dubai fire as developer appoints contractor to restore The Address","date":"January 4, 2016","format":false,"excerpt":"\r \r Investors yesterday shrugged off worries over the long-term effect on Emaar Properties\u2019 outlook from the fire that broke out at its Address Downtown Dubai hotel on New Year\u2019s Eve. Emaar\u2019s share price pared losses in Dubai yesterday to end the session down 1.58 per cent, after slumping 4.4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":47019,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-shares-in-sharpest-fall-for-more-than-eight-months-as-dividend-disappoints\/","url_meta":{"origin":623,"position":5},"title":"Emaar shares in sharpest fall for more than eight months as dividend disappoints","date":"March 7, 2017","format":false,"excerpt":"\r Shares in Emaar Properties suffered their biggest fall in more than eight months on Tuesday as Dubai's biggest listed property developer disappointed investors with a dividend of 15 fils per share.Emaar shares fell 3.8 per cent in the day's trading. It was their biggest fall since June 26, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/623"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=623"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}