The Abu Dhabi equity market index ADXGI advanced by 1.05 per cent to hit 5,005.21 points on Sunday, July 27.
Arkan Building Materials hit a limit and reached AED2.07. Bank of Sharjah lost the most as the lender was down 2.80 per cent at AED1.75.
National Takaful or Watania closed unchanged. The Islamic insurance firm said in a filing to the bourse that investors in the GCC are buying a majority stake into the firm. A financial broker “representing majority shareholders” has advised Watania of the plans.
Ajman Bank has the biggest stake in Watania. The UAE lender holds 5.75 per cent in the firm, according to data on the ADX website.
Sunday, July 27- 2014 @ 15:43 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.