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Bank shares bank on momentum at Abu Dhabi market

ADX market report

The Abu Dhabi equity market measure ADX General Index advanced by 1.25 per cent to hit 4,648.95 points on Wednesday, February 4.
FGB (First Gulf Bank), Bank of Sharjah and RAK Bank gained 4.80 per cent, 2.15 per cent and 1.24 per cent, respectively (top gainers). Earlier in the day, alternative investment firm Gulf Capital said it has successfully closed an AED850m ($231.60m) syndicated revolving credit facility from Abu Dhabi Commercial Bank (off one per cent at AED7.10) and FGB.
Abu Dhabi National Energy Company or TAQA dived 2.44 per cent to AED0.80.
Gérard Al-Fil