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Abu Dhabi exchange ADX loses 0.43%

Like in Dubai, investors at the ADX market in Abu Dhabi seem to have called 2010 a year, as trading volumes dipped further and the ADX Index closed 0.43% lower at 2,716.08 points. Abu Dhabi Islamic Bank, known and branded as ADIB, ended unchanged at Dhs2.90. Earlier in the day, ADIB announced that it successfully arranged a syndicated Dhs1.14bn Islamic Finance deal for Dubai-based conglomerate Majid Al-Futtaim (MAF) Group. It was the first Sharia-compliant deal ever for MAF, one of the leading retailer and consumer conglomerate in the UAE.