Complex Made Simple

Abu Dhabi developers continue to underperform

The ADX general index declined by 0.31 per cent to 4,516.121 points on Wednesday, January 28.

Aldar Properties lost 0.41 per cent to reach AED2.45. Eshraq and RAK Properties closed unchanged. Union Cement Company gained the most, finishing 8.33 per cent higher at AED1.30.

The first lender in the emirate, National Bank of Abu Dhabi, closed flat at AED13.60.

Earlier in the day, the second-biggest bank by assets in the UAE, said its net income in 2014 climbed 18 per cent year on year to reach AED5.579bn ($1.523bn).

Gérard Al-Fil