Ras al-Khaima shares losses weigh on Abu Dhabi bourse

20 October 2010

After hitting a six-month high Tuesday, the ADX General Index dipped 0.76% on Wednesday, closing at 2,786.40. Union National Bank (UNB) gained two percent to reach Dhs3.57. Earlier in the day, UNB reported today for the third quarter an unaudited interim income attributable to shareholders of Dhs459.2m ($125.1m), up 28% from the same period in 2009. Shares of firms based in Ras al-Khaima (RAK) performed less successful, as RAK White Cement (off 3.36% at Dhs1.15) and RAK Properties (down 2.13% at Dhs0.47) landed among the top five losing shares.

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