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Abu Dhabi blue chips show some form of exhaustion
- United Arab Emirates: Monday, September 24 - 2012 at 16:03
The ADX General Index declined a quarter percentage point to 2,604.77 points, despite a slight rebound in oil prices (up $0.08 at $108.15, DME Oman). Telecom giant Etisalat (off 0.10%) and merger candidates Aldar Properties (down 1.65%) and Sorouh Real Estate (1.56% lower) dragged the gauge down. Like in Dubai, most traders preferred to stay on the sideline. Only 30m shares were traded, valued at Dhs60.7m.
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Gérard Al-Fil, Financial JournalistMonday, September 24 - 2012 at 16:03 UAE local time (GMT+4)
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