Complex Made Simple

Aldar Properties hits four-month high

In Abu Dhabi, the ADX General Index consolidated above 2,500, adding 0.14% to reach 2.511.38 points Sunday. The emirate's real estate bellwether Aldar Properties edged up by 3.33%, closing at Dhs1.24, representing the highest price-level since March 28. Aldar is seeking to merge with riva Sorouh Real Estate (up 1.90% at Dhs1.09) and according to both sides, talks are in an advanced stage and the due dilligence phase began in June. ADX heavyweight Etisalat slipped 1.30%.