Shares in Abu Dhabi's Aldar Properties (ALDR.AD) slid on Wednesday after the indebted developer reported a record quarterly loss.
Trading in Middle East markets slumped, with little reason for traders to open new positions as the weekend neared and regional benchmarks almost unchanged.
Aldar dropped 3.2 percent to 1.82 dirhams after it made a fourth-quarter loss of 11.14 billion dirhams ($3 billion), having taken writedowns of 11.3 billion dirhams in 2010, most of which were booked in the final quarter.
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