The UAE's markets held steady after the first of the Emirates' banks kicked off earnings season for 2011.
Shares in InvestBank, among the Emirates' smallest lenders, rose 6.2 per cent to Dh1.70 each after the bank announced improved profits and an increased dividend.
The Sharjah-based trade finance bank reported net profits for the full year of Dh317.2m, an increase of 5.4 per cent on the same period a year earlier, while the bank's board announced a 10 per cent cash dividend and an 8.2 per cent distribution of bonus shares.
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