MIDEAST STOCKS-Banks hurt Abu Dhabi, Emirates NBD results lift Dubai | Reuters:
Abu Dhabi’s stock market opened lower on Tuesday, pressured by a fall in its bank stocks, while Emirates NBD boosted Dubai’s index and Saudi Arabia was largely unchanged in early trade.
The Abu Dhabi index lost 0.5 percent, hurt by a 1.3 percent slide in First Abu Dhabi Bank and a 8.6 percent plunge in Gulf Pharmaceutical Industries.
In contrast, Dubai’s index climbed 0.6 percent, boosted by a 2.2 percent rise in Emirates NBD after it posted a double-digit jump in quarterly profit, led partly by higher net interest income.
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