Abu Dhabi's biggest developer - Aldar Properties has seen worst ever decline in its shares following the poor performance shown by the company during the year 2010. The firm reported a loss of Dh12.65bn for last year that did not go down well in the investors and the poor performance refrained them from buying shares in the company.

The firm reported 3.7 per cent decline in its shares that were trading at Dh1.80 on the Abu Dhabi Securities Exchange. Similarly, things were not different for Sorouh Real Estate, Abu Dhabi's second biggest developer as shares of the firm declined 2.1 per cent to trade at Dh 1.38.

Arabtec Holding, the emirate's biggest contractor declined 1.7 per cent while Dubai Islamic bank, declined 0.8 per cent to Dh2.29. The Dubai Financial Market General Index stood at 1600.06, reporting a decline of 0.4 per cent.

Meanwhile, Dubai Financial Market General Index reported a rise of 0.1 percent to 1,607.34 while Qatar's gauge retreated 0.1 percent. Abu Dhabi National Energy Co. attained its highest level by reporting a rise of 1.6 per cent on the bourses.