Eshraq shares decline on half-year results
The Abu Dhabi stock market index ADXGI lost 0.72 per cent to 5,016.54 points on Sunday, August 17.
Developer Eshraq Properties, builder of the gateway towers in Abu Dhabi, dived 2.22 per cent to AED1.32. Earlier in the day, Eshraq said its net income in the first six months amounted AED71.21m ($19.4m), down from AED128.857m ($35.14m). The second quarter profit, however, climbed to AED28.5m ($7.76m), up 14.26 per cent year on year.