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Kashmir after 2 years of Article 370, 35A abolition
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MIDEAST STOCKS Abu Dhabi hits record high as most Gulf bourses gain
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Middle EastMIDEAST STOCKS Top lender FAB boosts Abu Dhabi; Dubai retreats
Reuters
2 minute read
The Abu Dhabi stock market ended higher on Sunday, buoyed by a surge in its top lender First Abu Dhabi Bank (FAB) (FAB.AD) on expectations that an upcoming review by MSCI of its emerging markets index will increase the bank s index weighting and spur foreign fund flows into its shares.
The benchmark index (.ADI) jumped 3.5%, its biggest intraday gain since mid-January, with First Abu Dhabi bank surging more than 10%. The bank has gained significant interest, ever since it completed the takeover of Bank Audi Egypt, said Mohamad Ibrahim, regional director at Exness.
The online financial services industry has grown rapidly over the past decade and seen a significant transformation in the past two years. Brokers have had to adapt to and embrace change, but also at times become the face of that change in order to keep ahead of the game. Regions like the Middle East and North Africa have been instrumental in financial market growth, where the online trading industry has established itself as a mainstay.
Earlier this week,
Finance Magnates met with Exness Regional Director for MENA, Mohamad Ibrahim, who has over a decade of experience in the industry and has been with Exness since 2019. Ibrahim was recently included in the ’50 Most Influential Figures’ in the Global Financial Markets in the Middle East during the Smart Vision Awards Ceremony.
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