MIDEAST STOCKS-Abu Dhabi bucks trend as Turkey concerns weigh on Gulf markets | Reuters:
Abu Dhabi shares ended 1.1 percent higher on Wednesday, bucking weakness in other major Gulf markets which were dragged down by concerns about the Turkish economy as market activity slowed ahead of a Muslim festival next week.
Abu Dhabi index was boosted by gains in market-heavyweight First Abu Dhabi Bank (FAB), which ended 2.5 percent higher, and telecom firm Etisalat, which rose 1.2 percent.
FAB, UAE’s biggest lender, has benefited from its lack of major exposure to Turkey and continued interest after its strong quarterly earnings.
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