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DIB’s stock rises on 9M financial results early Wednesday

DIB’s stock rises on 9M financial results early Wednesday
The stock rose by 0.38% to AED 5.34
DIB
DIB
0.70% 5.78 0.04

Dubai – Mubasher: Dubai Islamic Bank’s stock (DIB), listed on the Dubai Financial Market (DFM), has moved upwardly backed by its robust financial results for the period ended 30 September 2019.

By 11:00 am UAE time, the stock rose by 0.38% to AED 5.34 after seeing a trading volume of 2.41 million shares that were exchanged through 84 transactions at a turnover of AED 12.90 million.

Earlier this morning, DIB announced its financial results for the first nine months of 2019.

The bank’s net profit reached AED 4.015 billion during the nine-month period ended 30 September 2019, increasing by 8% from AED 3.701 billion in the corresponding period of 2018.

Net operating revenue grew by 14% year-on-year to AED 6.87 billion during the January-September period of 2019 from AED 6.055 billion.

Total income amounted to AED 10.250 billion in the first nine months of this year, compared to AED 8.532 billion in the prior-year period.