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Aldar Properties is the stock of the day in Abu Dhabi
- United Arab Emirates: Thursday, August 09 - 2012 at 16:07
The ADX General Index advanced 0.81% to reach 2,534.72 points Thursday. First Gulf Bank surged 3.72% to close as a top gainer at Dhs9.81. But Aldar Properties was in the center of interest today, as the emirate's largest developer added 1.63% to hit Dhs1.26. Aldar reported its net income in the second quarter, amounted to Dhs418m, up 228% year-on-year. Like most market perticipants in the UAE real estate industry, Aldar said it saw a strong rebound in property purchases, villas in particular. Market bellwether Etisalat slipped slightly, finishing at Dhs9.05.
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Gérard Al-Fil, Financial JournalistThursday, August 09 - 2012 at 16:07 UAE local time (GMT+4)
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