Abu Dhabi market ends flat

31 October 2010

The ADX General Index closed unchanged at 2,816.11 despite robust gains in the banking and construction sector. First Gulf Bank surged 2.72% to finish at Dhs16.95. Sharjah Cement and Industrial Development Co. gained 1.01% (at Dhs1.00) after the firm report a third quarter profit of Dhs6.705m, compared to a Dhs4.415m loss in the corresponding period in 2009. Oil and Gas bellwether Taqa plummeted 4.07%, finishing at Dhs1.41.

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