Real estate shares weigh on Abu Dhabi bourse

17 June 2010

Abu Dhabi'S ADX General Index lost slightly and closed at 2,515.39 points amid heavy losses in the real estate development sector. Aldar Properties (off 2.29% at Dhs3.01) and Sorouh Real Estate (plummeting 4.46% at Dhs1.92) in particular pulled the index down. Energy heavyweights ended mixed, with Taqa losing 2.73% at Dhs1.07. On the contrary, Dana Gas, which specializes in the exploration, production, processing, transport, distribution, and sales of natural and liquefied, was most actively traded in relation to volume, gaining 4.76% at Dhs0.66 as the board said it will consider buying back shares.

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