Monday, 19 December 2011

Abu Dhabi property stocks slump; index at 21-month low - Stocks - ArabianBusiness.com

Dubai contractor Arabtec rose to a 13-month high, extending gains to help lift the emirate's index.


Shares in Arabtec climbed 1.8 percent, up for a third session to reach its highest close since November 2010. Traders said an individual investor wants to purchase a sizable stake in the firm.


Dubai's index advanced 0.1 percent to 1,374 points, trimming 2011 losses to 15.7 percent.


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