Abu Dhabi market bounces back

March 18, 2014 3:55 pm

The Abu Dhabi Securities Exchange General Index (ADXGI) added 1.96 per cent to close at 4,824.96 points on Tuesday, March 18. Eshraq Properties was the most liquid share, closing 2.60 per cent to hit AED2.37. Since the start of the year, the developer’s share has been trading in a narrow range of AED2.50. Arkan Bulding Materials surged by 3.85 per cent to reach AED2.70. Earlier in the day, Arkan released its consolidated financial statements for 2013. Last year, its net income amounted to AED42.76 million ($11.66m), down from AED46.97m ($12.8m) in 2012.

Gérard Al-Fil