Shares in Dubai Parks & Resorts closed at their highest level in nearly three months yesterday following the chief executive Raed Al Nuaimi’s comments last week that the company would sign off on projects worth Dh2.5 billion this year.
The theme park operator's shares led gains on the Dubai Financial Market General Index, rising 4.1 per cent to Dh4.12. The shares have risen for four consecutive days – its longest string of gains since the company floated them in December.
Gulf Navigation and Gulf General Investment Company were among the other main gainers, ending up 2.33 per cent and 1.62 per cent, respectively. However, the DFM closed 0.1 per cent lower to 3,740.50, with heavyweights such as Arabtec Holding, Emaar Properties and Dubai Islamic Bank all ending slightly down on the day.
In the capital, the Abu Dhabi Securities Exchange General Index ended up 0.1 per cent at 4,593.71, thanks partly to gains by heavyweights FGB and Etisalat up 0.3 per cent and 0.4 per cent, respectively. Dana Gas was among the main gainers, rising 2.2 per cent to 45 fils, while Eshraq Properties and Aldar Properties ended the day down 1.2 and 0.7 per cent, respectively.
jeverington@thenational.ae
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