Merger candidates Aldar Properties, Sorouh Real Estate regain some ground

19 March 2012

The Abu Dhabi market measure ADXGI closed insignificantly lower at 2,604.74 points Monday. Developers Aldar and Sorouh, which started merger talks at the beginning of last week, advanced 0.75% and 0.77% respectively. Market bellwether Etisalat added slightly, whereas losses in the banking and industrial sector weighed on the market index. Some 73m shares were traded, valued at Dhs112.

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