Thursday 26 October 2017

MIDEAST STOCKS-Shares in First Abu Dhabi Bank, Emaar Properties slip

MIDEAST STOCKS-Shares in First Abu Dhabi Bank, Emaar Properties slip:

"Shares in First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, dipped 1.9 percent on Thursday, the day after it reported an 18 percent drop in third-quarter profit.

Financial sector stocks helped drag the Abu Dhabi index down 0.6 percent in early trading.

Elsewhere on the exchange, shares in Etisalat, the United Arab Emirates-based telecom group, edged up 0.05 percent following its reporting on Wednesday of a 29 percent increase in third-quarter net profit."



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