Dubai-Mubasher: Emaar Malls Group’s stock saw a positive performance in Monday’s early trades, backed by better financials posted on Sunday.

The stock added 2% to AED 2.54 by 11:40am UAE time. Trading on the stock reached 1.87 million shares, generating AED 4.80 million.

The real estate sector advanced 2.31%, pushing the index to add 1.37% or 41.62 points to reach 3,097.13 points.

Emaar Malls recorded a growth of 16% in profits for the fourth quarter of 2015, reaching AED 435 million ($118 million) as compared to AED 376 million ($102 million) a quarter earlier.

During the fiscal year 2015, net profits amounted to AED 1.656 billion ($451 million), 23% higher from AED 1.351 billion ($368 million) in FY14.