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Monday, 22 September 2008 |
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Shares of Emaar Properties and Aldar Properties, the two largest real-estate developers in the UAE, soared on Sunday after the US Federal Reserve and the European Central Bank agreed to inject cash into the financial system. Emaar jumped 15.00% to 8.05 dirhams, while Aldar rose 9.59% to 7.79 dirhams. Other big gainers were Sorouh, up 9.69%, and Union Properties, which climbed 12.33%.
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