The ADX General Index dipped 0.14%. Shares of Abu Dhabi Commercial Bank (ADCB) gained 0.40%, closing at Dhs2.49. ADCB has reported 3Q net income of Dhs325m (versus net loss of dhs531m in Q2 10), "missing our estimates by c.35% but beating consensus estimates by 29%", says Credit Suisse analyst Mohamad Hawa. Reported non performing loans (NPL) ratio was fairly flat at 5.5% (5.4% in Q2 10), while provision coverage increased from 76.7% in Q2 to 81.5% in Q3. Hawa added: "Although we see downside risk to our full year estimates, we remain Neutral on the stock as Q3 results came ahead of consensus and the stock is likely to benefit from upward revisions of the street estimates." Due to the sad demise of of His Highness Sheikh Saqr Bin Mohamed AI Qassimi, Ruler of Ras AI Khaimah (RAK), RAK Properties, pharmaceutical producer Julphar and RAKNIC cancelled their planned board meetings which were scheduled for the coming days.