At the beginning of the week I noted how the stock price of Aldar Properties was teetering on the edge, at the 2 dihram level.
Well, it's not any more. The 2 dihram level offered no support and stock fell to a new lifetime low of 1.81 by Thursday's close. Aldar finished down 11% for the week and is now down 20% since the start of the year (and an eye watering 86% from its 2008 all time high).
Enjoy.
Friday 28 January 2011
Aldar on the Edge (Not Any More)
Posted by
Peter Barr
at
14:37
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Abu Dhabi Stock Analysis
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