27-10-2016 08:19 via news.yahoo.com

BUZZ-Abu Dhabi's First Gulf Bank climbs after earnings

** Shares in Abu Dhabi's First Gulf Bank rise 2.3 percent to 11.10 dirhams in opening minutes ** Bank reported rise in third-quarter net profit to 1.86 billion dirhams ($507 million) from 1.42 billion dirhams, partly because of gains from real estate sales; average forecast of analysts was for 1.37 billion dirhams ** But it booked 32 percent rise in provisions for bad loans ** Stock had dropped to nine-month low in weeks before earnings announcement ** Minor technical resistance at 11.25 dirhams
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