UAE: Abu Dhabi Islamic shares rise to the highest price since listing

The shares of Abu Dhabi Islamic Bank, listed and traded on the Abu Dhabi Stock Exchange, rose at the end of trading on Monday, recording its highest price since listing.

The stock rose by 0.29%, closing at 14.02 dirhams.

Trading in Abu Dhabi Islamic shares occurred at the end of the session through 460 trading transactions, over 1.3 million shares, with a trading value of 18.6 million dirhams.

The highest price per share at the end of the session was 14.14 dirhams, while the lowest price per share was 13.96 dirhams.

Abu Dhabi Islamic Bank revealed that it recorded a net profit exceeding 3 billion dirhams during the first six months of the current year 2024, compared to profits that reached 2.33 billion dirhams during the same period of last year 2023.

Abu Dhabi Islamic Bank achieved an increase in net profits by 30% during the first six months of the current year 2024.

The bank achieved revenues of 5.35 billion dirhams during the first six months of the current year 2024.

While it achieved revenues amounting to 4.26 billion dirhams, during the same period of last year 2023.

Abu Dhabi Islamic Bank attributed the increase in revenues to strong growth in all business and product sectors and the continued strong performance in revenues from fees.