Aabar shares regarded as 'value trade'

Aabar Investments PJSC, an Abu Dhabi government-backed investment firm with a 9.1 per cent stake in Daimler AG, may continue its rally as investors buy the stock as a cheaper alternative to shares in the world's second-largest maker of luxury cars, a fund manager said.

"The story here is the huge discount to the Daimler stake," said Akram Annous, deputy fund manager at Al Mal Capital PSC. "It is a value trade that is gaining more and more followers."

Daimler, based in Stuttgart, Germany, said on March 22 it will raise 1.95 billion euros (Dh9.76 billion) selling shares to the fund as sales slow and cash flow dwindles because of the global recession.