Monday 12 November 2012

STOCKS NEWS MIDEAST-Banks fuel Abu Dhabi rally; Kuwait steady after fresh protest - Yahoo! News Maktoob

Abu Dhabi's bourse makes its largest one-day gain in nine months on increased risk appetite, while Kuwait's market ends flat, witnessing limited pressure from Sunday's demonstrations against changes to electoral law.
Abu Dhabi's index finishes 1.3 percent higher at 2,706 points, its largest upward daily move since January 31.
Banks help lift the benchmark, which closes at levels last seen in July 2011.
National Bank of Abu Dhabi rises 3.4 percent to 9.81 dirhams, extending year-to-date gains to 23.2 percent. Abu Dhabi Commercial Bank rises 1.5 percent, while First Gulf Bank ends flat, having gained 37.4 percent so far in 2012.

No comments:

Post a Comment