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ABU DHABI / WAM
UAE stock markets closed in green securing AED 3.5 billion in profits driven by the blue chips, specially those at the banking and real estate sectors.
First Abu Dhabi Bank’s share jumped to AED 11.20 after the General Assembly of the new banking entity created
following the merger of National Bank of Abu Dhabi and First Gulf Bank has approved “First Abu Dhabi Bank†as the
new name of the bank. The National Union Bank’s share reached AED 5.12 while Abu Dhabi Commercial Bank closed up at AED 7.02.
At DFM, EMAAR Properties’ share rose to AED 7.24 followed by EMAAR Malls at AED 2.67. At the banking sector, Emirates NBD rose to AED8.13 and Dubai Islamic Bank to AED 5.89.