Aldar shares recover at Abu Dhabi bourse

10 August 2010

Shares of Abu Dhabi real estate leader Aldar Properties rebounded 2.13% to Dhs2.16, after the stock shed 16% during the first week of August. The ADX General Market Index ended 0.11% lower at 2,508.62 points amid weak turnover. First Gulf Bank (FGB) closed flat at Dhs14. The bank announced today details of its shares buyback transaction on August 9, 2010 which was approved by the regulator on November 3 2008. FGB bought so far 35.45m shares back for the price of Dhs14.00 each.

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