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Oil, Aldar and First Gulf Bank lift Abu Dhabi market
- United Arab Emirates: Thursday, September 27 - 2012 at 14:17
As the price of the "black gold" recovered on Beijing move to stimulate the domestic money market, the ADX General Index gained 0.22%, finishing at 2,602.97 points. Aldar Properties added 0.80% to hit Dhs1.26. The sheikhdom's first developer unsuccessfully tried to attack the barrier at Dhs1.40 this week, the old 2012-high it reached on March 14. Abu Dhabi Islamic ended off 0.31%, while First Gulf Bank advanced 0.40% on speculations the UAE's fourth largest lender plans a benchmark bond issue, Gulf News reported. Some 42m stocks were traded, valued at Dhs89.5m.
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Gérard Al-Fil, Financial JournalistThursday, September 27 - 2012 at 14:17 UAE local time (GMT+4)
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