Aldar and Etisalat shares gain on fresh rumors

09 December 2010

The ADX General Index added a quarter percentage to close at 2,761.60 points. Today’s market action lifted the ADX on a year-to-date basis in the green (up 0.66%). Blue chips such as Aldar Properties extended their advances, gaining 2.04% to finish at Dhs2.47. Aldar is in talks with the Abu Dhabi government regarding a liquidity injection into the firm, The National reported. Shares of the UAE’s first Telcom provider Etisalat added 0.46% to end at Dsh10.90 after Bloomberg reported that Kuwait’s Zain Telecom was close to ink a deal regarding Etisalat’s buying interest of a 46% stake in Zain.

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