Abu Dhabi-listed shares ended the week mixed, sending the Abu Dhabi market index ADXGI insignificantly lower to 5,051.27 points on Thursday, August 21.
The emirate’s first developer Aldar Properties was the most actively traded share in relation to volume, surging by 1.04 per cent to reach AED3.87.
Insurance firms Watania and Methaq Takaful gained 14.50 per cent. Earlier in the week, RAKBANK received shareholders’ nod to buy a majority stake in RAK Insurance Company, triggering hopes that the UAE’s overcrowded insurance segment could consolidate further.
Thursday, August 21- 2014 @ 16:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.