Aldar’s Yas Mall announcement fails to lift Abu Dhabi market
The Abu Dhabi market index ADXGI declined by 0.31 per cent, closing at 4,678.38 points on Monday, February 3. Market bellwether Etisalat, slipped by 0.42 per cent to AED11.65. Earlier in the day, Aldar announced that Yas Mall’s opening will coincide with the final race of the 2014 Formula One World Championship. “The race puts the public spotlight firmly on Yas Island, making it the ideal moment to launch the mall,” says Aldar. The sixth Formula 1 Etihad Airways Abu Dhabi Grand Prix will kick off on November 23, 2014. Eshraq Properties bucked the trend and ended 0.41 per cent higher at AED2.42. Approximately 261.3 million shares worth AED813.83 million changed hands.