AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.
The ADX Index finished at 2,445.85 Wednesday. While the two largest property developers Aldar and Sorouh gained 1.02% and 3.37%, respectively, bellwether share Etisalat declined further (off 0.10% at Dhs9.96. Union Cement gained the most (up 3.74% at Dhs1.11). Earnings were released earlier to day by Finance House and National Bank of Ras al-Khaima or RAK Bank. For the nine months ended 30th September 2011, Finance House PJSC (FH) has announced a net profit of Dhs55.34m. RAK Bank reported a nine-month profit of Dhs906.5m, up 24.21% year-on-year. Both shares were not traded today. Some 44.8m stocks worth Dhs72m changed hands at the ADX today.