Abu Dhabi’s shares rose for a fifth day after the United Arab Emirates central bank said growth in non-oil industries may accelerate to 4 percent this year, boosting the outlook for company earnings.
Abu Dhabi Islamic Bank PJSC (ADIB), the U.A.E.’s second-biggest Shariah-compliant bank, advanced for a fourth day. First Gulf Bank PJSC (FGB), the lender controlled by Abu Dhabi’s ruling family, climbed to the highest since Aug. 27. Abu Dhabi’s ADX General Index (ADSMI) rose 0.2 percent to 2,596.73, the highest since Aug. 26, at the close in the emirate. The measure gained 1.7 percent during the five-day rally. Dubai’s DFM General Index (DFMGI) and Qatar’s gauge were little changed, while Oman’s index fell 0.7 percent.
No comments:
Post a Comment