Thursday, 2 August 2012

MIDEAST STOCKS-Abu Dhabi's Aldar hits 16-wk high; most Gulf higher | News by Country | Reuters

Abu Dhabi's Aldar Properties hit a 16-week high on expectations of strong quarterly earnings, while Abu Dhabi's bourse slipped off a similar high.

Most Gulf markets edged up in tepid trading and lacklustre volumes amid a summer lull exacerbated by the Muslim holy month of fasting when many investors are away from the market.

Shares in Aldar rallied 3.5 percent to 1.2 dirhams, their highest close since April 10.

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