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Tuesday, 11 April 2017

MIDEAST STOCKS-Dubai Islamic Bank shines on Q1 results in dull regional market | Reuters

MIDEAST STOCKS-Dubai Islamic Bank shines on Q1 results in dull regional market | Reuters:

"Shares of Dubai Islamic Bank outperformed most peers in the region on Tuesday after reporting a low double digit growth in first quarter net profit while market liquidity on those bourses was generally thin. Long-term institutional investors stayed away in light of heightened geopolitical risk, traders said. Dubai Islamic Bank shares rose 0.9 percent after the lender reported a first quarter net profit attributable to shareholders of 1 billion dirhams ($272.3 million), 14 percent higher than the prior year period."



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