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Abu Dhabi market rises in lockstep with sister exchange in Dubai
- United Arab Emirates: Sunday, September 09 - 2012 at 15:57
Like the DFMGI, the Abu Dhabi market measure ADXGI rose by 1.01% Sunday, closing at 2,588.57 points. This was the day of the ADX heavyweights. Sorouh Real Estate gained the most, ending up 5.36% at Dhs1.21, representing a 5.5-month high. The sheikhdom's first lender National Bank of Abu Dhabi or NBAD jumped 4.40% to hit Dhs8.80 on news it has applied for an Islamic banking finance in Malaysia, the leading market for Islamic bonds or Sukuk. Market bellwether Etisalat, the UAE's largest telecom firm, gained slightly to reach Dhs9.49. Insurance operator Watania fell the most (off 9.60% at Dhs1.13). Similar to the trading action at Dubai's DFM, turnover soared in AD as 88.3m shares worth Dhs142.2m changed hands.
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Gérard Al-Fil, Financial JournalistSunday, September 09 - 2012 at 15:57 UAE local time (GMT+4)
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