The Abu Dhabi market index (ADXGI) lost by 0.53 per cent to close at 5,044.62 points on Wednesday, April 30. Eshraq Properties was the most liquid shared and edged up by 3.27 per cent to hit AED2.21. Aldar Properties, the biggest developer in the UAE capital, advanced by the same degree and closed at AED4.15. RAK Properties surged by 0.80 per cent to AED1.26. Abu Dhabi Ship Building lost the most, finishing off 9.86 per cent lower at AED3.20. The GCC region is maintaining its positive momentum, says Emirates NBD’s private banking CEO, Arjuna Mahendran, “supported by strong earnings across the region. In the UAE, the real estate and banking sectors out-performed analyst expectations.”
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