Due to a lack of news and impulses, the UAE capitals exchange ADX closed one per cent lower at 2,628.80 points. Some 200m shares only changed hands and many stocks remained unchanged, e. g. RAK Properties or Waha Capital. Market bellwether Aldar Properties was insignificantly down by three Fils (to Dh3.84). Invest Bank toped the charts by gaining over nine per cent, closing at Dh.170. With trading volumes decreasing constantly in recent days, it seem that the quiet summer season has started already in Abu Dhabi.
SABIC contributes to national development
The Saudi Basic Industries Corporation (SABIC) sponsored the Industrial Innovation Award which was presented to developers of new ideas for industrial projects at a ceremony held in Riyadh on May 18.