special report

Team Setup

It is Emaar Real Estate Development Company, the civilized face of the UAE, with high interests such as mountains, unimaginable ambitions, conscious leaders and support from the rational Dubai government, Emaar was able to build edifices from the civil Civilization, bearing the name of the Emirates high among the most beautiful cities in the world, today, Emaar detonates a heavy-caliber bomb by announcing in the morning that it achieved profits equivalent to 3091 million dirhams from its business in 2018, an increase of 42% over its profits for the same financial period for 2017, which amounted to 2742 million dirhams < / p>

The striking thing that deserves appreciation for this giant company that we are proud of, that this jump in profits was recorded as a result of an increase in revenue by 74% to reach 15,433 million dirhams 2018 compared to 8,863 million dirhams for the same period in 2017, as assets increased by 6,641 million dirhams to 30,814 million riyals, an increase of 27%, at a time when some people bet and others talk about real estate stagnation in the UAE and a decline in profits comes news of the profit bomb to change perhaps The outlook pays more optimism

Today, the parent company’s stock reacted positively to today's trading, where it opened with a price gap of 6% to trade at 4.10 dirhams, with a volume of 7.5 million shares compared to yesterday’s close at 3.85 dirhams, Technically, it exceeded the resistance level of 4.37 dirhams, with good volumes, that might break the falling trend line from the level of 8.80 from October 2017, so could Emaar pull out a market profit bomb from the bottom line and reverse the path, this is what must be followed during the upcoming sessions that if it occurred would enhance the lost confidence factor in the market < / p>

Also, this price jump in Emaar led to a rise in the general index of the market to trade at 2540 points, a general increase of 2% until the time of preparing this report, technically it is important to follow The return of the market and its stability above the level of 2577 points may indicate the beginning of the start to reach the next 2707 resistance