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Fitch affirms ‘A+’ rating for Etisalat, shares close even

The Abu Dhabi market index ADXGI advanced 0.06% to reach 3,838.81 points on Thursday. Eshraq Properties was the most liquid share and jumped 2.65%, finishing at Dhs1.16. Market bellwether Etisalat closed flat at Dhs11.65. After the close bell rang, Fitch Ratings said it has affirmed the UAE's first telecom firm 'A+' (upper medium grade) rating. Agthia Group ended down 1.25% at Dhs3.96. Earlier in the day, the food and beverages firm said its CEO Ilias Assimakopoulos will step down at the end of 2013. Assimakopoulos served at Aghtia's helm since July 2006. A successor has yet to be appointed, said Agthia in a filing to the ADX.