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ADX shares rise on earnings as Dubai advances
Aug 16, 2012
DUBAI - Abu Dhabi stocks rose for a seventh day, after the emirate’s companies reported higher quarterly earnings.
Abu Dhabi National Energy Co advanced 0.8 per cent after the state-run company known as Taqa this week posted higher second-quarter earnings.
Emirates Telecommunications Corp, increased 0.2 per cent to Dh9.14. The ADX General Index climbed 0.1 per cent to 2,556.96 points, the highest close since April 8 and the longest winning streak since March 4. Dubai’s DFM General Index also rose 0.1 per cent to close at 1,578.98 points. Meanwhile DFM, on Wednesday announced that its listed local public joint stock companies have recorded a 100 per cent compliance regarding the disclosure of Q2-2012 results within the deadline of 45 days from the end of the period.