01-02-2016 07:45 via rocketnews.com

BUZZ-Abu Dhabi banks FGB, ADCB surge after earnings

** Shares in two top Abu Dhabi banks surge after fourth-quarter earnings
** First Gulf Bank up 5.7 percent after 11 percent profit rise to 1.72 billion dirhams ($468.4 million); analysts’ average forecast was 1.46 billion dirhams. Stock soared 12.4 percent on Sunday in anticipation of earnings
** Abu Dhabi Commercial Bank up 4.5 percent after profit of 1.19 billion dirhams, at top end of forecasts of 986 million and 1.12 billion dirhams
** National Bank of Abu Dhabi down 2.2 percent; last
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