For the week of Jan 10th, ARTC and EMAAR respectively have fallen 10.4% and 12.2%
The only good news today for both stocks was that they did not register fresh lows.
Above 2.85 ARTC and 4.05 EMAAR next week the stocks may cancel the immediate downtrend but expect lower lows indicated in previous posts.
There is lot of specualtion about the Artc Holding and Abaar Investments so called deal.
But we all know that Real Estate outlook for the entire UAE is not positive despite all media hue & cry.
With Such a secnario do we expect that abaar will stake AED 6.4 Billion in a Construction Firm ???
Please comment
http://hala3ammi.wordpress.com/2010/01/11/artc-big-picture-2010/
Nothing to add to the first paragraph.
Maybe Aabar stands to gain in the future from acquiring ARTC. Anything is possible.