Abu Dhabi edges higher despite property gloom - The National
Property stocks led the UAE's exchanges south yesterday, but strength in other sectors helped the Abu Dhabi bourse end slightly higher. In Dubai, Drake & Scull International dropped by 2.7 per cent to Dh1.06.
Emaar Properties lost 1.1 per cent to Dh3.5 a share. Arabtec Holding fell 2.4 per cent to Dh1.98 as investors reacted to the six-month share buying ban imposed by the market regulator on Riad Kamal, the company's chief executive. The Dubai Financial Market General Index declined by 0.6 per cent to 1,648.29.
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