Abu Dhabi listed construction stocks gain

04 July 2010

Shares of Ras al-Khaima-based Gulf Cement Co. jumped 9.70% to the closing price of Dhs1.81. Arkan Building Materials (gaining 3.23% at Dhs1.25) from Abu Dhabi also helped the ADX General Index to add around a quarter percent (closing at 2,515.46 points). Real estate bellwether Aldar finished 0.37% higher at Dhs2.73. UAE telecom leader Etisalat was the most liquid share, ending flat atDhs10.35. As oil prices stabilised on US Independence Day, pressure was taken from energy shares. Oil bellwether Taqa climbed 1.85%, finishing at Dhs1.10. Dana Gas gained 1.49% and ended at Dhs0.68.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications