CAIRO: Abu Dhabi benchmark has ended its daily session on Wednesday surging, as heavyweight banks end higher, after posting estimate-beating earnings, lifting the emirate's bourse ADMSI, capital's main index, gained 0.28 percent or 7.10points to close at 2512 points, up for third session since Sunday's nine-week low. National Bank of Abu Dhabi climbs 0.9 percent. The bank posted a 12 percent increase in quarterly profit. Abu Dhabi Commercial Bank gains 2.2 percent. Its quarterly numbers also beat estimates, Aldar Properties and Sorouh Real Estate climb 1.8 and 0.9 percent, respectively. “Banks results for 1st Q of 2012 has beat analysts estimations, market will continue its rally in the coming sessions, as better figures will boost the market” an analyst told Bikyamasr.com. “Real estate companies like Emaar Properties, Aldar and Sorouh, will be give another support for the market in the coming session,” Mohamed Monzr, an analyst in a brokerage firm, added. Elsewhere, Dubai's benchmark slumped 0.6 percent to end at 1,660 points, as investors book profits of Tuesday's 1.8 percent rise. Qatar's main index eased 0.1 percent to close at 8653 points, to continue a wave of decline.
