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Dubai bourse gains 0.56%, reaching 1,608.97

Arabtec was the most actively traded share in relation to value, closing 1.09% higher at Dhs1.85. Earlier in the day, Arabtec said in a statement to the DFM it has received a letter of award from Abu Dhabi National Oil Company (ADNOC) to build an underground car park at ADNOC's headquarter. The project is worth Dhs219m. Arabtec's Egypt subsidiary was also granted a luxury villa project worth Dhs137m by Emaar Misr. Most construction firms and real estate developers gained, while Union Properties declined 1.07% to end at Dhs0.371. Nine stocks gained, 12 declined and three closed flat. Traded volumes and values weakened 46% to 42.8m shares worth Dhs69.79m changed hands.