Abu Dhabi's benchmark edges away from a 16-month high as investors take weak global cues to book gains
and Qatar's market slumps to an 11-week low.
Banks drag the UAE capital's index with Abu Dhabi Commercial Bank down 2.1 percent, National Bank of Abu Dhabi slipping 0.2 percent to 9.80 dirhams and Union National Bank dipping 1.3 percent.
Earlier on Tuesday, Bahrain-based SICO Investment Bank cut UNB to neutral from add, while it raised its price target for NBAD to 10.20 dirhams from 9.30 dirhams.
No comments:
Post a Comment