Aabar surges 8 pct, Abu Dhabi falls

Aabar surges 8 per cent, recouping some losses from the past four days, but Abu Dhabi's index falls, mainly due to a drop in heavyweight Emirates Telecom.Aabar in the past weeks made headlines after announcing plans to delist and taking a 5-per cent stake in Italian bank Unicredit.Abu Dhabi's bourse falls 0.3 per cent to 2,506 points, as Emirates Telecom weighs.

Most other stocks in Abu Dhabi, as well as Dubai, fail to attract investors' attention."A lot of stocks are at attractive valuations, but there's a lack of interest because the uncertainty on international markets is causing investors to fear opening new positions," says Marwan Shurrab, vice-president and chief trader at Gulfmena Alternative Investments.In Dubai, property stocks lead the index 0.3 per cent higher. Heavyweight Emaar Properties accounts for more than half of today's trading and rises 0.3 per cent.