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Aldar sales record fails to lift Abu Dhabi bourse

The Abu Dhabi stock market index ADXGI fell by 0.70 per cent to 4,986.09 points on Sunday, May 18. Aldar Properties, which entered the MSCI emerging market index last week, plummeted 3.22 per cent to AED3.91. Earlier in the day, Aldar revealed that it has sold all units of its new Al Hadeel residential community in Abu Dhabi, on the first day of the off-plan sales launch.  “The sell-out of...