Abu Dhabi – Mubasher: Aldar Properties stock saw a record high in two years after the company awarded on Wednesday AED 440 million contracts to National Projects and Construction (NPC) for the development of Nareel Island and Al Merief.
By 12:00 PM UAE time, the stock rose by 1.08% to AED 2.81; its highest level since November 2014.
Aldar was the largest-traded stock as 11.28 million shares were exchanged at AED 31.613 million; the highest trading activity by the stock since May 2016.
The real estate sector grew 0.77% or 33.31 points to 4,337.76 points.
