Monday 22 July 2019

MIDEAST STOCKS- #AbuDhabi extends gains, #Dubai lifted by real estate - Reuters

MIDEAST STOCKS-Abu Dhabi extends gains, Dubai lifted by real estate - Reuters:

Abu Dhabi’s stock market rose for a fifth straight session on Monday, led by its biggest lender after strong second-quarter results, while real estate shares buoyed Dubai’s bourse.

Abu Dhabi’s index rose 0.8%, boosted by First Abu Dhabi Bank, which climbed 1.1% in its third straight session of gains after reporting a 5% rise in second-quarter net profit.

Waha Capital surged 3.9% after appointing Amr al-Menhali as its new chief executive.

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