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AME Info - Economy and Finance News

Daily, Dubai
Real estate related economic and financial news covering the MENA region.
 

Merger candidates Aldar, Sorouh fall back on profit booking

Jun 14, 2012
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The Abu Dhabi equity measure ADXGI closed insignifcantly lower at 2,446.42 points. Abu Dhabi National Energy Company or Taqa gained against the trend, closing 1.70% higher at Dhs1.18. The emirate's largest developers and merger candidates Aldar Properties and Sorouh Real Estate fell 0.90% and 0.97%, respectively, after both firms recovered significantly in recent days on news that their merger talks were advancing. Some 45.7m shares were traded, valued at Dhs81.9m.