Abu Dhabi index surges post MSCI rebalancing:
The Abu Dhabi index jumped the most in a year as markets adjusted post the MSCI rebalancing of FAB and Etisalat shares even as trading remained thin in other stocks.
The Abu Dhabi Securities closed 2.68 per cent higher at 4,898.15. FAB shares closed 3.68 per cent higher at Dh14.10. Etisalat shares closed 3.37 per cent higher at Dh17.18. The rest of the market remained tight with marginal gains. Abu Dhabi Commercial Bank closed 3.82 per cent higher at Dh8.15. Traded value was placed at Dh880 million. Dana Gas closed 0.54 per cent higher at Dh0.93.
The Dubai Financial Market general index closed 0.27 per cent higher at 2,675.87, Emaar Properties closed 1.78 per cent higher at Dh 4.58. Dubai Investments closed 4 per cent lower at Dh1.29. Dubai Islamic Bank closed half a per cent higher at Dh5.27.
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