By: Mahmoud Gamal
Dubai-Mubasher: Dubai Islamic Bank’s (DIB) stock saw a positive performance in Wednesday’s early trades.
The bank’s stock rose 0.4% to AED 5.45 by 12:00pm UAE time, with a turnover of AED 12.11 million generated from the exchange of 22.22 million shares.
The banks’ H1-16 results exceeded the estimates of AED 1.81-1.9 billion, according to financial analyst Mahmoud Abu Zeid.
DIB’s stock targets AED 5.6 then AED 6 in the coming period, Abu Zeid noted.
Translated by: Julian Nabil
