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Invest Bank boosts Q3 profit

The ADX General Index slipped 0.31% to 3,830.47 points on Sunday. Invest Bank, whose shares closed even, said its net profit for the third quarter reached Dhs458m, up from Dhs425m in the same period last year, representing, a 7.5% increase. The lender managed to increase operational profit by 7.3%. Emirates Driving Company or Drive gained the most, closing 15% higher at Dhs4.37. Earlier in the day, Drive informed its shareholders about the upcoming board meeting on Oct. 31. The biggest developer in the sheikhdom Aldar Properties jumped 5.34% to hit Dhs2.76. Fifteen shares increased in value, while 10 declined in Abu Dhabi.