Real estate related economic and financial news covering the MENA region.
Abu Dhabi blue chips lift market indexby half a percentage point
Jul 01, 2012
The Abu Dhabi market gauge ADXGI closed Sunday trading at 2,459.12 points, up 0.47% to the previous close after the sharp rebound in oil prices as a result of the EU agreement on a EUR120bn growth package and the EU imposed oil embargo against Iran. Market bellwether Etisalat advanced 0.65% to reach Dhs9.25. Aldar Properties and RAK Properties gained 0.90% and three percent, while Sorouh Real Estate failed to join the rabound and finished one percent lower.