Monday 4 July 2016

MIDEAST STOCKS-UAE, Qatar edge up in early trade | Reuters

MIDEAST STOCKS-UAE, Qatar edge up in early trade | Reuters:

"Stock markets in the United Arab Emirates edged up in early trade on Monday with Abu Dhabi's exchange supported by government owned shares while Qatar's largest listed developer kicks off second quarterly financial reports on a strong footing.

Abu Dhabi's index was up 0.2 percent with National Bank of Abu Dhabi extending its 4.0 percent gains from the previous session to add 1.5 percent. On Sunday NBAD and First Gulf Bank boards approved the merger via a share swap. FGB, however, was down 0.8 percent after closing up 2.0 the previous session.

Abu Dhabi Islamic Bank was the top gainer amongst its peers, gaining 2.1 percent."



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