x Abu Dhabi, UAEFriday 28 July 2017

Volumes return to regional market

Aldar Properties was among the top gainers yesterday as higher volumes returned to regional markets.

Aldar Properties rose by 1.7 per cent to Dh2.28.
Aldar Properties rose by 1.7 per cent to Dh2.28.

Aldar Properties was among the top gainers yesterday as higher volumes returned to regional markets. "There is interest saying the last week of Ramadan will be a positive one," said Saad al Chalabi, an institutional trader at AlRamz Securities based in Abu Dhabi. Aldar saw more than 10 million shares change hands and the price rose 1.7 per cent to Dh2.28. "Now that the results are out of the way, we are seeing a turnaround on the stock and foreigners are net buyers," Mr al Chalabi said. "When the market refuses to go lower the only way is up, so you can't pass on an opportunity."