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National Bank of Fujairah soars as shareholders approve commodities trading division

The ADX General Index ended flat at 2,533.41, as did market bellwether Etisalat, ending even as the most liquid share at Dhs10.30. Shares of National Bank of Fujairah, known as NBF, surged 8.92% to reach Dhs4.15. Earlier in the day, NBF announced that its shareholders approved at an Extraordinary General Meeting an amendment to the bank's article of association, allowing the bank "to deal in commodities in addition to precious metals in both physical and derivatives markets." Over the week, the ADX lost half a percent amid low trading turnover.