MIDEAST STOCKS-Abu Dhabi shines in dull Gulf trade before holidays | Reuters:
Abu Dhabi shares rose 1.1 percent in early trade on Wednesday, the only market shining in an otherwise lacklustre day in the region before holidays, helped by gains in defensive stocks such as First Abu Dhabi Bank and Etisalat.
FAB rose 2.2 percent as UAE’s biggest lender benefited from its lack of exposure to Turkey and continued interest after its strong quarterly earnings, while telecom firm Etisalat climbed 1.2 percent.
Dana Gas was down 1.8 percent after it reported a 14 percent decrease in second-quarter net profit on Tuesday, citing one-off sukuk restructuring costs.
No comments:
Post a Comment