Dubai's Emaar Properties rose from Monday's three-week low after saying it signed a $1bn financing deal, helping lift the emirate's index.
Shares in Emaar climbed 2.3 percent to trim their year-to-date losses to 26.2 percent.
"[The] deal could alleviate concerns related to Emaar's short-term liquidity and reduce the overhang on the stock resulting from these concerns," EFG-Hermes said in a note.
Shares in Emaar climbed 2.3 percent to trim their year-to-date losses to 26.2 percent.
"[The] deal could alleviate concerns related to Emaar's short-term liquidity and reduce the overhang on the stock resulting from these concerns," EFG-Hermes said in a note.
No comments:
Post a Comment