Real estate related economic and financial news covering the MENA region.
Abu Dhabi bourse loses most of its first quarter advance
Jun 28, 2012
On the last trading day of the first half-year, the ADXGI fell 0.90% to close at 2,447.62 points, as market leader Etisalat (off 3.26% at Dhs9.34) and real estate giant bellwether Aldar Properties (down 0.90% at Dhs1.12) weighed in the gauge. Trading volumes improved to Wednesday as 25m shares were traded, valued at Dhs43m. In the first six months of 2012, the measure added 1.83%, much less than in the first quarter when the ADXGI was up by 6.22% asthe Eurozone debt crisis escalated in Q2 and falling oil prices prevented the Abu Dhbai market to rise against the sluggish global trend.