Abu Dhabi - Mubasher: Abu Dhabi Islamic Bank (ADIB) led losers on the Abu Dhabi Securities Exchange (ADX), despite reporting a profit increase in Q2-16.

ADIB’s stock went down 3% by 11:23am UAE time reaching AED 3.85, with 1.01 million shares traded at a turnover of AED 3.9 million ($1.06 million) through 29 transactions.

The bank’s unpredicted results are behind today’s retreat,”according to stock analyst Mansour Elmoher.

On Thursday, ADIB reported a 1% year-on-year rise in profits in Q2-16, reaching AED 507.5 million ($138.13 million).