Abu Dhabi market's General Index adds 0.31%

19 July 2010

Lifted mostly by the ADX energy sector, which surged 5.17%, the ADX General Index increased slight in and ended at 2,534.29 points. Shares of energy bellwether Taqa gained 2.70%, finishing at Dhs1.15 as oil prices stabilized above $76 per barrel. Shares of Sharjah Islamic Bank (SIB) advanced during the trading session but eventually ended flat at Dhs0.83. SIB reported for the second quarter 2010 a net profit of Dhs50.983m and Dhs0.02 earnings per share compared to Dhs66.759m on a year-on-year basis. 17 shares advanced in Abu Dhabi, eight stood flat while eight declined in value.

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