MIDEAST STOCKS-Abu Dhabi bucks trend as Turkey concerns weigh on Gulf markets [Reuters]
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Source: Reuters
MIDEAST STOCKS-Abu Dhabi bucks trend as Turkey concerns weigh on Gulf markets | Reuters 3 Min Read * Market heavyweights FAB, Etisalat boost Abu Dhabi * Dubai hurt by weakness in property shares * Emirates NBD drops 2.3 pct on Turkish exposure * Banking shares weigh on Saudi market By Saeed Azhar DUBAI, Aug 15 (Reuters) - Abu Dhabi shares ended 1.1 percent higher on Wednesday, bucking weakness in other major Gulf markets which were dragged down by concerns about the Turkish economy as market activity slowed ahead of a Muslim festival next week. Abu Dhabi index was boosted by gains in market-heavyweight First Abu Dhabi Bank (FAB), which ended 2.5 percent higher, and telecom firm Etisalat, which rose 1.2 percent. FAB, UAE’s biggest lender, has benefited from its lack of major exposure to Turkey and continued interest after its strong quarterly earnings.. The stock is up 38 percent so far this year, one of the biggest gainers on the Abu Dhabi index. Dana Gas was down 2.6 percent after it
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- 4/16/24 - Beat
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- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- 4/24/24 - Form 424B2
- MS's page on the SEC website