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Article: Saudi Exposure Hits Abu Dhabi; Dubai Remains Bullish.

Article from:
Khaleej Times (Dubai, United Arab Emirates)
Article date:
October 2, 2009
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Summary: DUBAI u UAE shares were mixed on Wednesday, with property stocks rising in both bourses, but banks dragged down Abu Dhabi after the emirateAEs stock market regulator ordered banks to provide details of their exposure to two troubled Saudi groups.

Dubai-based contracting and engineering company Drake & Scull International surged a second day, gaining four per cent at Dh1.04 after winning a contract in Thailand.

Bellwether Emaar Properties, whose subsidiary in India, Emaar MGF, is seeking approval for a planned initial public offering, edged up by 2.5 per cent to Dh4.05. Aldar Properties in Abu Dhabi added 1.2 per cent at Dh6.13.

The ...

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