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Aramex delivers higher net profit, shares edge up
- United Arab Emirates: Monday, February 04 - 2013 at 14:43
After diving over two percent Sunday, the DFM General Index gained 0.90% to reach 1,864.66 points Monday. Aramex gained 0.92% to reach Dhs2.19 after the Middle East's first logistics and parcel service provider reported a 15% year-on-year increase in net profits for 2012, amounting to Dhs244.1m. Emaar advanced 1.71%, closing at Dhs4.77. Deyaar Properties fell 2.68% to Dhs0.363. Shuaa Capital finished 1.32% higher at Dhs0.616. The Dubai-based investment bank said earlier in the day its asset management had been awarded "UAE Equity Fund of the Year" 2012 for the performance of its Emirates Gateway Fund by MENA Fund Manager. The SHUAA Emirates Gateway Fund outperformed its peers with a performance of 30.94% in 2012. Some 166m shares were traded at the DFM, valued at Dhs330.7m.
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Gérard Al-Fil, Financial JournalistMonday, February 04 - 2013 at 14:43 UAE local time (GMT+4)
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