By: Enas Bahgat

Dubai – Mubasher: Emaar Properties, listed on the Dubai Financial Market (DFM), has topped rising blue-chip stocks during Monday’s mid-trades, dominating 42% of the market’s total liquidity.

By 1.44 pm UAE time, Emaar Properties’ stock jumped 2.91% to AED 4.59.

The stock has seen around 9.244 million shares traded through 424 transactions at a turnover of AED 41.861 million.

This came following the company’s announcement that its Egypt-based subsidiary Emaar Misr Development had signed a preliminary agreement with El Nasr Housing and Development to put an end to a dispute on Uptown Cairo land.

Through the agreement, El Nasr Housing approved to drop its lawsuit against Emaar Misr, and Emaar Misr dropped its counter-lawsuit.

Translated by: Mai Ezz El-Din