Browse
related articles
Etisalat soars to 11-month high on pull-out from Indonesia's XL Axiata
- United Arab Emirates: Thursday, September 13 - 2012 at 14:52
Despite a very negative advance-decline ratio, the ADX General Index extented its gaining streak to the seventh (!) day, closing a quarter percentage point higher at 2,608.53. Etisalat, the UAE's first telecom provider, was the share of the day, finishing 1.15% higher at Dhs9.67. Earlier in the day, Etisalat announced it has sold its 9.1%-stake in Indonesia's third largest mobile operator XL Axiata for Dhs1.87bn ($510m). The sale is expected to be complete until next Tuesday, September 18. Only three shares advanced in Abu Dhabi, while 14 (!) ended flat at nine securities declined in value. Merger candidates Aldar Properties and Sorouh Real Estate fell 0.80% and 1.63%, respectively. Trading activity was dull as 40m shares worth Dhs91.7m changed hands.
Related Content
Article Options
Gérard Al-Fil, Financial JournalistThursday, September 13 - 2012 at 14:52 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / 4C.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
