Abu Dhabi Shares Gain Most This Year on Etisalat, Aabar Profit

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Abu Dhabi shares jumped the most in more than a month after Emirates Telecommunications Corp., the United Arab Emirates’ biggest phone company, and Aabar Investments PJSC said full-year profit rose.

Etisalat climbed the most in a month after reporting a 3.9 percent increase in 2009 net income. Aabar, the Abu Dhabi that is the biggest shareholder in Daimler AG, advanced the most in three weeks after doubling profit. The Abu Dhabi Securities Exchange climbed 1.2 percent, the most since Dec. 14, to 2,665.04. The measure has gained 2.6 percent in the past four days, the longest winning streak since September. Dubai’s benchmark index gained 2.2 percent.

“Earnings are definitely giving the markets a boost,” said Mohamed Abu Ghoush, head of equity brokerage at Al-Ahli Bank in Doha, Qatar. “Markets are correcting from a series of declines in recent weeks.”