Friday 16 September 2011

All quiet on ADX as 66th company lists shares - The National

There was little fanfare for the latest listing on the Abu Dhabi Securities Exchange.

Just a handful of day traders watched yesterday as Eshraq Properties became the 66th company to list shares on an exchange where trading volume has fallen to a third of the average.

"Can you say we will make money from buying the shares of Eshraq?" an Emirati day trader asked company officials. "I've lost half my capital over the past year."

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