Sunday 9 December 2012

STOCKS NEWS MIDEAST-Property stocks lift Abu Dhabi to 3-wk high - Yahoo! News Maktoob

Property stocks help lifts Abu Dhabi's market to a three-week high and Dubai's bourse edges up in thin trade,
where investors are waiting for fresh catalysts to increase risk.
Aldar Properties and Sorouh Real Estate each gain 1.6 percent. Investor interest has picked up in recent sessions amid the developers' government-backed advanced merger talks.
Their merger talks were started against the backdrop of continuing oversupply and declining house prices. Prices in Abu Dhabi were expected to fall 5 percent this year, a Reuters poll found.

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