Tuesday, 26 July 2011

Abu Dhabi banks lift index; Dubai flat - Stocks - ArabianBusiness.com

Abu Dhabi banks lifted the index, a slight rebound from Monday's drop in regional markets, but Dubai's market ended flat.

National Bank of Abu Dhabi gained 0.9 percent, First Gulf Bank rose 0.3 percent and Abu Dhabi Commercial Bank advanced 2 percent.

'Markets were taking a breather, while international markets are still concerned about the U.S debt issue,' said Marwan Shurrab, vice-president and chief trader at Gulfmena Alternative Investments.
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