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Financials lead the rebound at Abu Dhabi bourse

: Wednesday, May 21 - 2014 @ 16:08

Like its UAE sister exchange in Dubai, the Abu Dhabi equity index regained positive momentum. The Abu Dhabi stock market index (ADXGI) surged by 1.72 per cent to close at 4,831.48 points on Wednesday, May 21.

RAK Bank advanced the most, ending up by 8.97 per cent to hit AED8.50. Waha Capital, the aviation and maritime leasing specialist, surged by 6.90 per cent, ending at AED3.10. The insurance sector was the only ADX industry gauge that ended in the red. Al Buhaira National Insurance Company (ABNIC) lost the most, plummeting by 8.77 per cent to hit AED2.60. Green Crescent Insurance Company closed unchanged after the insurer revealed that it had to postpone an extraordinary general assembly due to a lack of quorum.

Gérard Al-Fil

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Wednesday, May 21- 2014 @ 16:08 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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