amwalalghad :: Arab

Your English Portal To Arab Economy

Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        National Real Estate Bank for    11.84        Egyptian Chemical Industries (   7.26        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


Money Markets - Arab

Amwal Al Ghad English - 2016-07-28 10:06:32
Riyadh's stock market inched down 0.4 percent Thursday as shares in Saudi Basic Industries, the country's top petrochemical firm, dropped 2.4 percent after it posted lower second-quarter profits and cut its dividend. In Abu Dhabi, where the index was up 0.2 percent, shares in National Bank of Abu Dhabi lost 1.5 percent while First Gulf Bank gained 1.2 percent. Both banks, which are expected to merge early next year, reported second-quarter profit drops broadly in line with expectations. SABIC reported a 23.2 percent drop in second-quarter net profit to 4.74 billion riyals ($1.26 billion) because of lower selling prices for its products. The result beat the 3.92 billion riyal average estimate of analysts polled by Reuters. But SABIC, whose shares had risen in the past week on hopes for a positive earnings surprise, also said it would cut its dividend to 2 riyals per share for the first half of 2016 from 2.5 riyals a year ago. Telecommunication operators Zain Saudi dropped 6.3 percent after it reported a net loss that widened to 329 million riyals in the three months to June 30. Analysts had on average forecast a 222.1 million. The largest food group in the kingdom, Savola, tumbled 4.8 percent after it reported a 43.2 percent fall in second-quarter net profit and cut its dividend, citing higher operating expenses and financial charges. Dubai's index edged down 0.2 percent. Dubai-based courier firm Aramex jumped 3.4 percent after it reported a 36 percent rise in second-quarter net profit. More»
Amwal Al Ghad English - 2016-07-27 11:50:12
Stock markets in the Gulf were little moved in early trade Wednesday, dampened by weak oil prices and mixed second-quarter earnings in Saudi Arabia, while Dubai's Emaar Properties again pulled back from major technical resistance. The Dubai index edged down 0.2 percent as Emaar, which has since last week been testing resistance on its October peak of 7.01 dirhams, slipped 0.6 percent to 6.86 dirhams. Logistics company Aramex dropped 0.8 percent after jumping 5.5 percent on Tuesday. After the close on Tuesday, Bloomberg reported, citing unnamed sources, that founder Fadi Ghandour had sold his entire 9.9 percent stake in the firm to Gulf investors including Emaar Chairman Mohamed Alabbar. Dubai exchange data on Wednesday showed no such ownership change. Dubai Islamic Bank added 0.6 percent after posting a 3 percent increase in second-quarter net profit, broadly in line with analysts' forecasts. In Saudi Arabia, retailer Fawaz Abdulaziz Alhokair Co jumped 6.9 percent after reporting a 0.9 percent year-on-year rise in net profit for the latest quarter to 212.6 million riyals ($56.7 million). EFG Hermes had forecast 170.1 million riyals and NCB Capital 190.0 million. Low-cost retailer Abdullah Al Othaim dropped 1.5 percent after posting a 9.6 percent drop in quarterly profit, citing higher personnel and promotional expenses as well as rises in transport and electricity costs due to austerity measures in the 2016 state budget. Saudi Telecom sank 1.2 percent after reporting a 27.1 percent year-on-year fall in quarterly profit to 1.87 billion riyals. Analysts had on average forecast 2.37 billion. ] National Shipping Co of Saudi Arabia (Bahri) rose 0.8 percent after reporting a 47.2 percent leap in profit to 504.18 million riyals. Alistithmar Capital had forecast 308.4 million. National Commercial Bank was flat after its board recommended paying a cash dividend of 0.60 riyal per share for the first half of 2016, down from 0.80 riyal a year earlier. Abu Dhabi's index edged up 0.1 percent, buoyed by a 1.7 percent gain in Aldar Properties after the company said it would expand its retail business in the city of Al Ain. Qatar's index dropped 0.5 percent in a broad-based decline, although telecommunications operator Ooredoo rose 0.3 percent after reporting a 16.4 percent gain in second-quarter net profit, in line with estimates, buoyed by its Asian businesses. More»
Amwal Al Ghad English - 2016-07-26 09:11:18
Stock markets in the Gulf inched down in early trade on Tuesday as soft oil prices dampened the mood while Saudi Arabia's index was dragged 0.3 percent lower by disappointing quarterly corporate results. Etihad Etisalat (Mobily) slumped 2.1 percent. The Saudi telecommunications operator reported it had swung to a net profit of 18.8 million riyals ($5.0 million) in the second quarter from a loss of 901 million riyals in the prior-year period; analysts polled by Reuters had on average forecast a quarterly profit of 52.5 million riyals. Construction firm Abdullah Abdul Mohsin al-Khodari and Sons tumbled 3.1 percent after it said it swung to a net loss of 43.34 million riyals in the second quarter as earnings were pressured once again by the slowdown in the kingdom's building sector. EFG Hermes had forecast a loss of 16 million riyals. Most petrochemical shares pulled back as Brent oil futures traded near 11-week lows. But National Industrialization Co (Tasnee) climbed 1.1 percent after it swung to a quarterly net profit of 103.9 million riyals, beating analysts' forecasts for a net loss of 1.2 million riyals and ending a run of five straight losses. But sales fell 9.5 percent in the quarter. Saudi Basic Industries traded up 0.3 percent. On Monday SABIC announced that it was studying a proposal for a jointly owned petrochemicals complex on the United States' Gulf coast with an affiliate of U.S. Exxon Mobil. The insurance sector was bullish after a string of quarterly results spurred interest. Saudi Indian Company for Cooperative Insurance surged 4.4 percent after reporting a 774 percent jump in second-quarter profit before zakat (tax) to 4.48 million riyals. The company cited rising revenues. Elsewhere, Dubai's index slipped 0.4 percent as Dubai Financial Market dropped 1.5 percent after the Gulf's only listed bourse reported a 60 percent fall in second-quarter net profit to 53.5 million dirhams ($14.6 million). DFM said the value of shares traded on the market in the first six months of 2016 was down 32.7 percent year-on-year. In neighbouring Abu Dhabi, the index fell 0.7 percent, weighed down by a 1.8 percent pull-back in Dana Gas . More»
Amwal Al Ghad English - 2016-07-25 17:44:16
Stock markets in the Gulf diverged on Monday, with the two main bourses in the United Arab Emirates recovering from losses in the previous session, while banks weighed on Saudi Arabia's index. Riyadh's benchmark closed 0.1 percent lower, extending Sunday's 1.2 percent decline, as the banking sub-index sagged 0.7 percent. Samba Financial Group fell 0.7 percent. But the market's other major sector, petrochemicals, edged up after Sahara Petrochemical reported that second-quarter net profit soared 746 percent to 96.4 million riyals ($25.7 million), much higher than NCB Capital's forecast of 66.8 million riyals. "The variance in estimates is due to lower-than-expected losses at Sahara's acrylic facility and at its joint venture with Ma'aden, SAMAPCO, and lower operating expenses," NCB Capital said in a note. Sahara also said profit jumped because some of its plants experienced scheduled shut-downs in the year-earlier period. Shares in Sahara rose 1.8 percent to 11.59 riyals; NCB has a "neutral" rating on the stock with a price target of 10.00 riyals. The biggest petrochemical producer, Saudi Basic Industries, which is expected to report earnings this week, added 0.9 percent. Some insurers rose after posting results. Saudi United Cooperative Insurance jumped 6.8 percent after it swung to a net profit before zakat (tax) of 30.6 million riyals from a loss of 40.4 million riyals in the corresponding quarter of 2015. But the insurance sector sub-index dropped 0.8 percent. Elsewhere in the Gulf, Abu Dhabi's index climbed 1.0 percent with real estate developer and property rental manager Eshraq Properties adding 1.4 percent after the company said it had appointed Jassim Alseddiqi as chairman. Alseddiqi, also chief executive of Abu Dhabi Financial Group, said he would look to expand Eshraq through strategic partnerships. However, real estate advisory firm JLL reported that after 18 months of relatively stable conditions, Abu Dhabi's property market was starting to weaken. "During Q2 2016, we have started to see the first signs of a downward trend as the decline in the oil sector, reduced government spending and weak sentiment continues," David Dudley, head of JLL's Abu Dhabi office, said in a report. Aldar Properties, the largest listed real estate developer in Abu Dhabi, edged down 0.4 percent. The company is expected to report earnings on Aug. 2. Dubai's index recovered from its 0.8 percent decline on Sunday and added 1.1 percent, but trading volume was below the average of the last 10 days. Emaar Properties jumped 2.2 percent to 7.00 dirhams, retesting major technical resistance on its October peak of 7.01 dirhams. Qatar's index rose 0.7 percent, with Qatar Gas Transport, a constituent of the MSCI emerging market index, rising by that margin. More»
Amwal Al Ghad English - 2016-07-25 09:26:39
Gulf stock markets may trade in a narrow range Monday as Asian share prices are flat and oil prices are staying near 11-week lows, with Brent crude at $45.70 per barrel. In Saudi Arabia, most blue chips have reported quarterly earnings, and only a few small and mid-cap stocks have posted second-quarter results since the market close on Sunday. These have been mixed. Saudi United Cooperative Insurance swung to a net profit before tax of 30.6 million riyals ($8.16 million) from a loss of 40.4 million riyals in the corresponding quarter of 2015. But Southern Province Cement reported its second-quarter profit edged down 0.7 percent to 268 million riyals. Analysts at Saudi Fransi Capital recommend a "hold" on the stock with a target price of 82.00 riyals; it was last at 72.25 riyals. "We expect a very calm trading day, with some traders booking profits and cashing out to have money on hand until they assess this season's quarterly results," said a Dubai-based trader. The index in Dubai, where major real estate companies have not yet reported earnings, saw profit-taking on Sunday with Emaar Properties retreating 2.1 percent to 6.85 dirhams, pulling back from major technical resistance on its October peak of 7.01 dirhams. Kuwait's Gulf Bank may attract interest after reporting a 34.4 percent rise in second-quarter net profit to 11.93 million dinars; Arqaam Capital had forecast 8 million dinars. More»
Amwal Al Ghad English - 2016-07-24 18:03:33
Gulf stock markets dropped Sunday as sharp falls in oil prices late last week outweighed a few positive corporate earnings in Saudi Arabia. Riyadh's stock index fell 1.2 percent as losses accelerated in the final hour of trade, with four-fifths of traded stocks declining. Rabigh Refining and Petrochemical Co declined 2.5 percent after it reported a 79.6 percent slide in net profit to 103.2 million riyals ($27.5 million), blaming lower prices and tighter refinery margins. Saudi Arabian Fertilizers Co (SAFCO) dropped 0.4 percent after it said quarterly profit halved to 299 million riyals, broadly in line with an average forecast by analysts for 290.5 million riyals. But Saudi Kayan Petrochemical climbed 1.4 percent after it swung to a net profit in the second quarter of 91.02 million riyals, ending a run of five straight quarterly losses and beating analysts' forecast for another loss. NCB Capital said in a note that it was the highest net profit since Kayan began commercial production in 2011 and estimated the company achieved a record gross margin of 18.5 percent, beating NCB's forecast of 4.6 percent. "The better-than-expected results can be attributed to higher sales volumes, improved operating rates, higher spreads, and a reduction in other production expenses" the note said. Packaged food producer Halwani Brothers Co slumped 4.7 percent. The company reported a 35.5 percent increase in second-quarter net profit, partly because of non-recurring gains, but operating profit fell. Company for Cooperative Insurance jumped 4.4 percent after it reported an 11.0 percent rise in second-quarter profit before tax. Elsewhere in the Gulf, trading activity was subdued in a broad sell-off. Dubai's index fell 0.8 percent as heavyweight Emaar Properties fell 2.1 percent to 6.85 dirhams ($1.87), retreating from major technical resistance on its October peak of 7.01 dirhams. Hopes that the resistance would break caused the stock to outperform last week. In Abu Dhabi, the index dropped 0.5 percent, weighed down by losses in mid- and large-cap shares, with Dana Gas declining 1.7 percent. Qatar's index slid 0.5 percent with losers outnumbering gainers 13 to five. Masraf Al Rayan, which gained 1.6 percent last week, fell back 0.7 percent. More»
Amwal Al Ghad English - 2016-07-24 09:37:03
Gulf stock markets were soft in early trade Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia. Riyadh's stock index edged down 0.2 percent in the first hour. Saudi Kayan Petrochemical climbed 2.1 percent after it swung to a net profit in the second quarter of 91.02 million riyals ($24.3 million), ending a run of five straight quarterly losses and beating analysts' forecast for another loss. Alinma Bank rose 0.7 percent after reporting a 12.1 percent year-on-year rise in second-quarter net profit to 409 million riyals; the average prediction was 395.3 million riyals. But falling stocks outnumbered gainers by about two to one, with Saudi Arabian Fertilizers Co (SAFCO) dropping 0.8 percent after it said quarterly profit halved to 299 million riyals, broadly in line with an average forecast by analysts for 290.5 million riyals. Rabigh Refining and Petrochemical Co declined 2.1 percent after it reported a 79.6 percent slide in net profit to 103.2 million riyals, blaming the fall in profit on lower prices and tighter refinery margins. Elsewhere in the Gulf, trading activity was subdued, with Dubai's index slipping 0.5 percent as Emaar Properties fell 1.6 percent to 6.89 dirhams, retreating from major technical resistance on its October peak of 7.01 dirhams. In Abu Dhabi, the index was weighed down by losses in mid- and large-cap shares, with Dana Gas the most heavily traded stock, declining 1.7 percent. More»
Amwal Al Ghad English - 2016-07-21 16:34:45
Most Gulf stock markets dropped on Thursday amid soft oil prices and mixed corporate earnings. Dubai's index edged down 0.1 percent. Dubai Parks & Resorts surged 3.8 percent but real estate stocks were weak, with Deyaar Development dropping 1.1 percent after reporting a 17.8 percent fall in second-quarter net profit. Blue chip Emaar Properties, which had been rallying strongly for the past two weeks, lost steam. It edged down 0.3 percent to 7.00 dirhams, failing to break major technical resistance on its October 2015 peak of 7.01 dirhams. A few small speculative stocks rose sharply including Al Salam Group Holding, which gained 10.6 percent. In Kuwait, where its shares surged 5.8 percent, the company issued a statement saying it knew of no material reason for the unusual trade in its shares. Saudi Arabia's index fell 0.5 percent as Yamama Cement tumbled 5.2 percent after reporting a 14 percent year-on-year drop in second-quarter profit to 150.5 million riyals ($40.1 million), and slashing its second-quarter dividend to 0.25 riyal per share from 0.75 riyal. Petrochemical shares were strong, however. Yanbu National Petrochemical Co (Yansab) rose 2.8 percent in its heaviest trade since January after its second-quarter net profit trebled to 689.3 million riyals ($183.8 million) because of higher production and sales -- analysts had on average forecast 446.2 million riyals. Petrochemical heavyweight Saudi Basic Industries gained 0.6 percent. Abu Dhabi's index fell 0.5 percent, dragged down by profit-taking in merger candidates First Gulf Bank, down 1.2 percent, and National Bank of Abu Dhabi, off 2.0 percent. Qatar also dropped 0.5 percent because of widespread selling in banks. Commercial Bank of Qatar, which slumped 6.6 percent on Wednesday after it missed second-quarter earnings forecasts by a large margin, fell a further 2.0 percent. More»
Amwal Al Ghad English - 2016-07-21 08:50:41
Stock markets in the Arab Gulf were flat to slightly softer in early trade Thursday as blue chip Emaar Properties, which had been rallying strongly for the past two weeks, lost steam in Dubai. Emaar edged down 0.1 percent to 7.00 dirhams, failing to break technical resistance on its October 2015 peak of 7.01 dirhams. A break would trigger a reverse head & shoulders pattern formed by the highs and lows since last August and pointing up in the long term to at least the April 2015 peak of 8.39 dirhams. Dubai's stock index was flat. Second-tier real estate firm Deyaar Development dropped 0.7 percent after reporting a 17.8 percent fall in second-quarter net profit, though a few small, speculative stocks such as Al Salam Group Holding rose sharply. Al Salam soared its 15 percent daily limit in Dubai. In Kuwait, where its shares surged 5.8 percent, it issued a statement saying it knew of no material reason for the unusual trade in its shares. Saudi Arabia's index was flat as Yanbu National Petrochemical Co (Yansab) jumped 4.4 percent in unusually heavy trade after its second-quarter net profit trebled to 689.3 million riyals ($183.8 million) because of higher production and sales; analysts had on average forecast 446.2 million riyals. But Yamama Cement tumbled 5.5 percent after reporting a 14 percent year-on-year drop in second-quarter profit to 150.5 million riyals, and slashing its second-quarter dividend to 0.25 riyal per share from 0.75 riyal. Abu Dhabi's index edged down 0.2 percent while Qatar fell 0.5 percent with blue chip Industries Qatar , which had risen strongly earlier this week, pulling back 0.9 percent. More»
Amwal Al Ghad English - 2016-07-19 16:45:33
Qatar's stock market edged higher on Tuesday after breaking major technical resistance, but other markets in the region were sluggish, held back by soft oil prices and mixed corporate earnings. The Qatari index climbed 0.6 percent to 10,649 points in a broad-based rise, with nine of the ten most heavily traded stocks gaining. Trading volume fell from Monday's high level but remained active. On Monday the index had broken above its December and March peaks at 10,490 and 10,502 points, triggering a "reverse head and shoulders" pattern formed by the highs and lows since December and pointing up in the long term to around 12,600 points. Qatar Islamic Bank surged 3.9 percent after reporting a second-quarter net profit of 562.6 million riyals ($154.5 million); the 13.7 percent year-on-year advance beat the 524.3 million riyals average forecast of analysts polled by Reuters. Commercial Bank of Qatar (CBQ) initially fell after Turkish conglomerate Anadolu Industry Holding decided to exercise a put option to sell CBQ the 25 percent of Turkey's Alternatifbank that it does not already own. But the bank, which was due to report quarterly earnings after the close, rose in late trade to end up 1.4 percent. Qatar International Islamic Bank rose 2.0 percent after it said profit in the first half of this year edged up to 443 million riyals from 438 million riyals a year earlier. However, United Development fell 1.8 percent after it said first-half profit dropped to 332 million riyals from 557 million riyals. Saudi Arabia's stock market was dampened by some weak earnings. The Saudi stock index <.TASI lost 0.5 percent as Saudi Arabian Mining Co (Ma'aden) slid 3.9 percent. It posted a 51 percent year-on-year drop in quarterly net profit as sales revenues were hit by low commodity prices, although the profit was at the high end of analysts' estimates. Saudi Airlines Catering fell 1.6 percent after announcing a 17 percent decline in quarterly profit. Al Rajhi Bank, the kingdom's second-largest lender by assets, reported a 5.7 percent rise in second-quarter net profit that was broadly in line with analysts' forecasts. Its shares fell 0.4 percent. Dubai's index fell 0.3 percent in a broad-based decline, although Emaar Properties added 0.7 percent. The shares began rising on Monday after a local consultancy report suggested the emirate's real estate market might recover in the second half of this year. The Abu Dhabi index edged down 0.1 percent, butAbu Dhabi Commercial Bank gained 1.5 percent after slightly exceeding analysts' forecasts with a 12.3 percent drop in second-quarter net profit. It earned 1.13 billion dirhams ($307.7 million); analysts had forecast 1.07 billion dirhams. More»