Sunday 4 September 2011

Aldar shines but Eid fails to refresh UAE shares - The National

Fresh volatility is hitting UAE markets after the Eid holiday. Abu Dhabi's benchmark stock index, the Abu Dhabi Securities Market Index, was down 0.15 per cent at 12.15pm. The Dubai Financial Market General Index was trading 1 per cent lower.

Earlier, Aldar Properties rallied to its highest intraday gain in a month after the developer said its Al Falah villa project will be completed in the next year.

Markets are still reeling after a period of heavy selling across global bourses earlier last month.

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