By: Enas Bahgat

Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank’s (ADCB) stock, listed on the Abu Dhabi Securities Exchange (ADX), has hit its highest level since last August.

By 11:56 am UAE time, the stock levelled up by 2.64% to AED 7.77 after seeing a trading volume of 5.12 million shares that were exchanged at a turnover of AED 39.69 million through 351 transactions.

On 27 October, ADCB posted a net profit of AED 1.413 billion for the third quarter of 2019, compared to AED 1.624 billion in Q3-18.

In the first nine months of 2019, the bank generated profits of worth AED 4.196 billion, versus AED 4.883 billion in the corresponding period of 2018.