|09-24-2014, 03:58 PM||#1|
Emaar Stock retreat Drags Dubai Market, IPO Close To Call
United Arab Emirates stocks fell sharply Wednesday as Emaar Properties retreated from a three-week before subscription in its recent listing of its malls unit comes to an end.
The Dubai Index fell 1.1% as the shares of Emaar, Dubai`s largest real estate developer, declined 1.3% trimming most of Tuesday’s gains which saw the heavyweight at the highest level since September 1 – when the subscription to Emaar`s Initial Public Offering was first announced.
Today is the last day for retail investors to subscribe for the IPO of Emaar’s malls unit before it debuts in October. Institutional investors have two more days to buy in.
Dubai’s retailer investors, who tend to dominate the regional market, could be preparing for last-minute subscriptions to the IPO, which could be a reason to the fallback in most other shares including the parent company, Emaar.
The IPO of Emaar Malls Group will possibly be priced at 2.90 dirhams per share, the top of its range, sources familiar with the matter told Reuters.
Investors could also be prompted to cash in their profits ahead of the Eid al-Adha holidays after strong gains in the equity markets in the last few weeks.
|مواقع النشر (المفضلة)|
|الذين يشاهدون محتوى الموضوع الآن : 1 ( الأعضاء 0 والزوار 1)|
|أدوات الموضوع||إبحث في الموضوع|
|انواع عرض الموضوع|
|الموضوع||كاتب الموضوع||المنتدى||مشاركات||آخر مشاركة|
|Crude oil prices retreat after U.S. inventories report||Hazem Ahlawy||Gold, Silver & Oil||0||09-17-2014 09:05 PM|
|Crude oil futures continue retreat on supply and demand fears||Hazem Ahlawy||Gold, Silver & Oil||0||09-11-2014 04:58 AM|
|European shares retreat ahead of Scottish independence vote||Hazem Ahlawy||Forex News||0||09-09-2014 01:56 PM|
|Crude oil futures retreat as U.S. dollar hits 14-month high||Hazem Ahlawy||Gold, Silver & Oil||0||09-05-2014 12:31 AM|