Abu Dhabi market remains in stutter mode

05 October 2010

Weak performing real estate shares weighed on the ADX General Index, ending off 0.18% to close at 2,659.55. Aldar Properties closed 1.64% lower at Dhs2.42. Earlier in the day, Aldar announced that the Yas Tunnel, which connects Al Raha Beach to Yas Island in Abu Dhabi officially opened to the public today. Dana Gas (down 1.20% at Dhs0.83) and its partner and joint operator Crescent Petroleum, the Middle East's oldest private oil and gas company, said today that their joint operations on the second anniversary of commencement of production from their major gas project in the Kurdistan Region of Iraq, has now reached an overall production and processing capacity of 200 million cubic feet per day. Telecom giant Etisalat added 0.47% to finish at Dhs10.70.

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