Stock markets in Dubai and Abu Dhabi may come under pressure on Thursday as some of the largest listed banks in the United Arab Emirates go ex-dividend, while Saudi Arabia is set to test a major technical barrier. Shares in Emirates NBD, Dubai's largest bank by assets, ** longer carry the 0.35 dirham dividend for 2014. Its smaller competitor Commercial Bank of Dubai has also gone past the registration date for a 0.20 dirham payout. Abu Dhabi Commercial Bank, the fourth-largest lender by assets in the UAE, will trade without a 0.40 dirham dividend attached and United Arab Bank has lost a 0.08 dirham payout.
03-12-2015, 01:53 PM
MIDEAST STOCKS-Major UAE banks ex-dividend; Saudi faces key chart barrier
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