Abu Dhabi shares drops for 10th day

DUBAI - Abu Dhabi’s shares fell for a 10th day as political turmoil in Egypt and Syria intensified and on concern Europe’s debt crisis may spread. Oil declined for a second week.

By (Bloomberg)

Published: Mon 28 Nov 2011, 11:13 PM

Last updated: Tue 7 Apr 2015, 5:21 AM

National Bank of Abu Dhabi PJSC, the UAE second-biggest by assets, dropped one per cent. Abu Dhabi Islamic Bank PJSC, retreated to the lowest since May 31. Abu Dhabi’s ADX General Index decreased to the lowest since March 2009, declined 0.1 per cent to 2,416.04 at the 2 p.m. close in the emirate.

Dubai’s DFM General Index fell 0.4 per cent. About 29 million shares traded, compared with a 12-month daily average of 63 million. The Bloomberg GCC 200 Index, little changed at 2:08 p.m. in Dubai on Sunday, has dropped 12 per cent so far this year.

National Bank of Abu Dhabi decreased to Dh10.05, and Abu Dhabi Islamic fell 1.6 per cent to Dh3.13. Qatar’s QE Index fell 0.1 per cent and Saudi Arabia’s Tadawul All Share Index gained 0.1 per cent. Markets in Egypt, Oman, Bahrain and Kuwait are closed for a holiday.

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