The Dubai Financial Market on Monday closed at its highest level of the year following a busy day of trading, with the benchmark index gaining 1.2 per cent to 3,941.39 points.
Amanat Holdings was the main gainer, rising 5.3 per cent to 89 fils a share, its highest level for two months.
Emaar Malls also rose to levels last achieved in late December, ending up 4.5 per cent at Dh2.99 a share.
Dubai Parks and Resorts, Arabtec and Union Properties all ended the day up by more than 1 per cent.
Damac Properties was one of a handful of stocks to end the day in the red. It closed down 9.7 per cent at Dh2.79 a share after disappointing investors with an announcement of 10 per cent bonus shares but no cash dividend.
GGICO closed down 3 per cent at 86 fils.
In the capital, the Abu Dhabi Securities Exchange General Index recorded gains of 0.5 per cent, ending the day at 4,647.04.
Eshraq Properties rose 2.3 per cent to 86 fils, its highest price since late December. Aldar Properties shed 1.5 per cent to Dh2.6.
Dana Gas and RAK Properties closed down 2 per cent and 1.2 per cent, respectively.
jeverington@thenational.ae
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