MIDEAST STOCKS-Saudi, Abu Dhabi, Qatari banks lift most Gulf indexes | Reuters:
Most Gulf markets ended Monday in positive territory with Saudi Arabian, Qatari, and Abu Dhabi indexes all gaining 1 percent or more as the second quarter earnings reporting season got under way and despite a drop in oil prices.
Abu Dhabi’s main index added 1.1 percent with support also from telecom shares. First Abu Dhabi Bank (FAB) closed up 2 percent, Emirates Telecom (Etisalat) up 1.8 percent, and Abu Dhabi Islamic Bank (ADIB) up 1.6 percent.
ADIB reported on Monday a 3.8-percent second-quarter profit rise to 572.7 million dirhams.
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