Abu Dhabi market hits 5,000 points

April 7, 2014 6:28 pm

The Abu Dhabi Securities Exchange General Index (ADXGI) closed 0.92 per cent higher at 5,012.25 points on Monday, April 7. National Corporation for Tourism and Hotels gained the most, ending 15 per cent higher (limit up) at AED13.80. In 2013, Abu Dhabi hosted 2.8 million tourists, according to Abu Dhabi Tourism and Culture Authority. The biggest emirate in the UAE plans to increase the number of visitors to 3.1 million in 2014. Abu Dhabi hotels comprise a total of 24,000 hotel rooms, with 8,000 additional rooms in the pipeline. Waha Capital surged by 9.06 per cent to AED3.01. Earlier in the week, the aerial and maritime leasing and financing specialist revealed that it sold its stake in AerLift Leasing to an unidentified firm in the US, according to a Reuters report. At the end of 2012, Waha had a 60.4 per cent stake in AerLift Leasing.

Gérard Al-Fil