Complex Made Simple

FGB results convince Abu Dhabi market investors

ADX daily stock market report

The shares of the UAE’s third lender by market value FGB (First Gulf Bank) closed 0.45 per cent to reach AED17.70. Earlier in the day, FGB said its net income in 2014 climbed to AED5.66 billion ($1.539bn), up 18 per cent from AED4.774bn ($1.299bn).
The market gauge ADX General Index closed 1.46 per cent, finishing at 4,592.37 points on Tuesday, February 3. Al Khazna Insurance Company lost the most, heading down ten per cent to finish this session at AED0.36.
Gérard Al-Fil