Thank you for your reading and interest in the news DFM edges up as lenders gain, ADX ends flat and now with details
Dubai: The Dubai Financial Market’s main index inched higher on Thursday, helped by gains in blue-chip lender Emirates NBD.
The DFM index closed up 0.3 per cent at 2,722 points, while Abu Dhabi’s ADX ended flat at 5,036 points.
Top lender Emirates NBD gained 1 per cent, driving a similar gain in the banking benchmark. Dubai Islamic Bank, the biggest Sharia-compliant lender in the UAE, slipped 0.6 per cent.
Real estate heavyweight Emaar Property slipped 0.2 per cent, pushing the property benchmark marginally lower as well.
On the Abu Dhabi index, market heavyweight First Abu Dhabi Bank eased 0.3 per cent and telecoms giant Etisalat dipped 0.1 per cent.
Saudi Arabia’s benchmark index fell 1.6 per cent, bogged down by Al Rajhi Bank, which dropped 1.7 per cent. Saudi Telecom shed 1.4 per cent after JP Morgan cut target price on the stock.
These were the details of the news DFM edges up as lenders gain, ADX ends flat for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Gulf News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.