Dubai Islamic Bank (DIB) led the Dubai Financial Market (DFM) in terms of liquidity on Wednesday after the bank released its financial data earlier the same day.
By 12:18 pm UAE time, DIB’s stock rose 0.32% to AED 6.19, after 6.5 million shares were traded, with a turnover of AED 10.01 million through 235 transactions.
The bank’s net profits grew 10% to AED 3.3 billion in the first nine months of 2017 from AED 3.01 billion in the comparative period in 2016.
Meanwhile, the DFM’s main index increased by 0.36% or 13.77 points to 3,622.59 points.
The market’s trading volume reached 278.12 million shares, generating AED 392.10 million through 4,626 transactions.