Abu Dhabi real estate giants lift local bourse

26 September 2010

The Abu Dhabi market ADX added 0.66% to finish at 2,656.82. The benchmark index was lifted mostly by real estate bellwethers Aldar Properties (up 3.19% at Dhs2.57) and Sorouh Real Estate (2.27% higher at Dhs1.80). Aldar announced that Globalfoundries joined as a tenant in the new Aldar headquarter in Abu Dhabi, along with The Insurance Authority which signed a new lease agreement. All sector indices gained with the exception of the consumer segment. Finance House posted the largest loss, plummeting 6.28% to close at Dhs4.18.

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