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Abu Dhabi shares rebound across the board, banks end mixed

: Tuesday, March 04 - 2014 @ 16:19

The Abu Dhabi Securities Exchange General Index (ADXGI) surged by 1.29 per cent to close at 4,920.42 points on Tuesday, March 4. Abu Dhabi National Takaful jumped by 14.30 per cent to AED8. Green Crescent Insurance Industry plummeted by ten per cent to AED1.35. First Gulf Bank, the third biggest lender in the UAE by market capitalisation, surged by 0.55 per cent to AED22.20. National Bank of Umm al-Qaiwain fell by 8.45 per cent to AED3.25. Trading in Etisalat was suspended as the UAE’s first telecom giant published the resolutions of its board of directors meeting. Etisalat proposed a dividend of AED0.35 per share. In 2013, the firm achieved a net profit of AED7.750 billion ($2.11bn).  Approximately 172 million shares were traded, valued at AED480 million.

Gérard Al-Fil

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Tuesday, March 4- 2014 @ 16:19 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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