Egypt hits 8-week low, region mixed

April 07, 2014 - 1:52:25 am

DUBAI: Abu Dhabi’s Aldar Properties hit a four-year high yesterday after it unveiled tentative plans to float a subsidiary, lifting the emirate’s bourse, while Egypt’s market slumped to an eight-week low. Other Middle East markets were muted as Saudi Arabia investors showed little reaction to a slew of first-quarter earnings, and Dubai eased from Thursday’s five-year peak. In Abu Dhabi, Aldar surged 5.1 percent to its highest close since May 2010. Reuters