Aldar stock tops gainers on Daman House asset acquisition

Abu Dhbai-Mubasher: Abu Dhabi-listed Aldar Properties’ stock rose after news the developer has bought Daman House building in Abu Dhabi for AED 330 million.

The stock reached AED 2.04 by 11:00am UAE time, rising 5.15% which is the highest rate in four months.

Trading on stock reached 6.2 million shares through 154 transactions, with turnover of AED 12.32 million

The real estate sector jumped 5.12%, generating AED 18 million.

Abu Dhabi Securities Exchange (ADX) rose 2.61% after trading 45.8 million shares, with turnover of AED 49.4 million.

Mubasher Contribution Time: 19-Jan-2016 07:42 (GMT)