Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Persian Gulf Stocks: Air Arabia and National Bank of Abu Dhabi

Aug. 4 (Bloomberg) -- Dubai’s DFM General Index advanced 0.9 percent, the most since July 13, to 1,541.15 at the 2 p.m. close in the emirate. The measure gained 2.3 percent this week. Abu Dhabi’s ADX General Index climbed 0.8 percent. Saudi Arabia’s market was closed for the weekend.

The following stocks rose or fell in the Persian Gulf region. Symbols are in parentheses.

Air Arabia PJSC (AIRARABI UH) climbed the most in more than three weeks, gaining 0.8 percent to 67.6 fils. The Middle East’s largest low-cost airline said second-quarter profit advanced 2 percent to 49.6 million dirhams ($13.5 million) as it lured more passengers with cheaper tickets.

National Bank of Abu Dhabi PJSC (NBAD UH) jumped the most since June 15, adding 2.2 percent to 11.6 dirhams. The United Arab Emirates’ second-biggest lender by assets had its price estimate raised 9 percent to 16.17 dirhams at Goldman Sachs Group Inc.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.