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Abu Dhabi exchange gains 0.84%

03 June 2010

The ADX General Index closed 0.85% higher at 2,571.06 points, as oil prices stabilising above $73 per barrel helped the energy price-sensitive market to sustain momentum. Over the week, the UAE capital's market declined by 3.48% during the week. Shares of real estate giant Aldar Properties outperformed, ending at Dhs3.16 (up 2.92%), despite Credit Suisse's revised price target down from Dhs8.47 to Dhs4.08. "Aldar has an upside potential of 25.9%", CS-analyst Ahmed Badr writes in the "Mena Real Estate Outlook", published on Thursday.

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