Abu Dhabi Commercial Bank (ADCB) rose the most in almost three weeks yesterday after quarterly profit nearly doubled, beating analyst expectations.
ADCB, the country's third-largest bank by assets, jumped 3.2 per cent to Dh2.88.
Net income almost doubled to Dh607.6 million in the third quarter, compared with Dh318m in the same period last year. Abu Dhabi Islamic Bank, the country's second-biggest Sharia-compliant lender, gained for a second day, up 0.6 per cent to Dh3.21, after profits rose.
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