Abu Dhabi opens flat and ends slightly lower

13 July 2010

As heavyweights such as real estate leader Aldar Properties, Etisalat or Aabar ended flat, the few gainers failed to uplift the ADX General Index which closed 0.38% lower at 2,517.76 points. Energy giant Dana Gas declined 1.41% to Dhs0.70. Aabar Investments (unchanged at Dhs1.44), a 9.1% shareholder in Daimler AG, aims to be delisted from the ADX and announced Monday that said it would pay minority shareholders Dhs1.45 per stock. This would be in line with Sunday's closing share price but 19%lower since it announced plans to delist in June. The government of Abu Dhabi holds 70% in Aabar.

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