MIDEAST STOCKS-FAB drags down Abu Dhabi; other mkts steady - Reuters:
Abu Dhabi's stock market fell sharply on
Sunday, weighed down by the country's largest lender First Abu
Dhabi Bank, while other Gulf markets were mostly flat.
In Abu Dhabi, the index slid 1.5%, its biggest fall
since August, as First Abu Dhabi Bank (FAB) retreated
2.4%, while telecoms firm Emirates Telecommunications
was down 1.2%.
Among other stocks, Aldar Properties declined
2.7%, extending losses for a fourth straight session.
The property developer reported on Nov. 12 a near 8% drop in
third-quarter profit.
Arqaam Capital had a net profit forecast of 435 million
dirhams and EFG Hermes had projected 429 million dirhams,
whereas the firm reported a net profit of 387 million dirhams.
No comments:
Post a Comment