Complex Made Simple

Lack of catalysts drag Abu Dhabi bourse down slightly

The ADX General Index closed 0.17% lower at 2,748.19. RAK Bank was the main losing share, finishing 5.63% down at Dhs4.70. Pharmaceutical producer Julphar ended 3.74% lower at Dhs1.80. Leasing specialist Waha Capital gained 1.30% to close at Dhs0.77. Earlier in the day, Waha Capital announced that Abu Dhabi Islamic Bank arranged a $32m structured Ijara financing for Waha's subsidiary Waha Maritime to fund the acquisition of six offshore supply vessels. ADIB shares added 1.30% to finish at Dhs3.00.