Dana Gas losses weigh on Abu Dhabi bourse

14 June 2010

The Abu Dhabi Securities Exchange (ADX) Genera Index ended 0.27% lower at 2,527.05 points. Shares of Dana Gas, the most liquid securities with distinct, plummeted 2.94% and finished at Dhs0.65.Real estate bellwether Aldar Properties (down 0.32% at Dhs3.10) announced today that it launched a new water park on Yas Island. Aldar's diverse property portfolio includes major developments and re-developments within Abu Dhabi including Yas Island, Al Raha Beach, Central Market, Al Falah, Nareel Island, and Noor Al Ain. The company owns over 50 million square metres of land in strategic locations throughout the Emirate. First Gulf Bank bucked the bearish mood, finishing 2.09% higher at Dhs14.65.

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