"UAE stock markets witnessed the end of profit taking on Monday as they edged up more than one per cent. Led by real estate companies and banks, Abu Dhabi’s benchmark index gained 1.22 per cent to 3,469.13, ending four sessions of decline.
The real estate index was up 4.16 per cent, with Aldar Properties and Sorouh Real Estate surging 5.79 per cent to Dh2.01 and 3.86 per cent to Dh2.42 respectively. Rak Properties climbed 1.82 per cent to Dh0.56.
Due for the merger formalities to be finally completed in June, Aldar and Sorouh, Abu Dhabi’s biggest real estate companies, have jumped 58.26 per cent and 93.6 per cent respectively this year."
'via Blog this'
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