Dubai-Mubasher: Emirates NBD saw a positive performance in Monday’s early trades, backed by the annual financials and cash dividends for the fiscal year 2015.
The stock jumped 3.4% to AED 6.66, generating AED 6.41 million from trading 952.79 million shares by 11:00am UAE time.
The bank posted profits of AED 7.12 billion ($1.94 billion) in the fiscal year 2015, a growth of 38.6% from AED 5.14 billion ($1.4 billion) in the fiscal year 2014, according to a bourse filing on Monday.
The positive financials of Emirates NBD pushed its stock to rise, boosting the Dubai Financial market (DFM) to see gains in early trades, said Ali Al-Anzi, analyst at Al Mashora & Al Raya for Islamic Financial Consulting Co.
Al-Anzi added that there are positive expectations for the banks stocks, representing a good investment opportunity for the medium and long-term traders.
