Tuesday, 18 September 2012

STOCKS NEWS MIDEAST-Abu Dhabi, Doha bourses extend declines; Dubai ticks up - Yahoo! News Maktoob

Abu Dhabi's bourse extends declines from Sunday's six-month peak, which was near major technical resistance, but Dubai's bourse edges up to a higher close.
Abu Dhabi's index slips 0.6 percent to finish at 2,612 points, trimming year-to-date gains to 8.7 percent. It faces chart resistance at 2,643 points, this year's high, which was hit in early March and was then tested unsuccessfully later that month.
Property stocks drag, with Aldar Properties and Sorouh Real Estate down 2.3 and 1.6 percent respectively.

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