Exhausted Abu Dhabi stock exchange dips slightly

15 March 2012

After advancing for six consecutive trading sessions, the ADX General Index ended off 0.16% at 2.625.85 points Thursday. Shares in Aldar Properties and Sorouh Real Estate, fell 3.40% and 4.10%, respectively. The two largest developers in Abu Dhabi annoounced Sunday, they were currently examining if a merger with the blessing of the Abu Dhabi government would be possible. Market bellwether Etisalat, the UAE's first telco provider advanced slightly. Some 83m shares were traded, valued at Dhs134.4m.

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