FAB wealth sentiment index down 2.2pc in August

31/08/2017 08:09 AST

First Abu Dhabi Bank (FAB), the UAE’s largest bank, has announced the latest score of its Wealth Sentiment Index (WSI), has decreased from 1040.66 in July to 1017.37 in August, reflecting a 2.2 per cent decline.

The August score reflects a range of factors, including a surge in oil prices and an increase in stock indices. At the same time, a fall in tourism due to climbing summer temperatures and a drop in loan growth has negatively impacted the WSI.

According to WSI Council members, the most important factors affecting the UAE economy are the movement of oil prices, and the political situation around the globe. The Index revealed that WSI Council members remain optimistic about the UAE economy; however they are adopting a cautious approach when it comes to personal investments.

The Wealth Sentiment Index, the first-of-its-kind for the UAE and Mena region, was launched in partnership with research agency IPSOS and insurance provider Generali in January, and established to measure the prevailing mood of affluent investors in the UAE market, from a personal and business point of view. It is an indicator of the overall sentiment of the market, based on existing fundamental and economic factors.


Trade Arabia

News

First Abu Dhabi Bank rebrands property unit

01/04/2018

First Gulf Properties, the real estate service provider and a wholly-owned subsidiary of the First Abu Dhabi Bank (FAB), has changed its name to "FAB Properties."

It manages a diversified

Trade Arabia

FAB wins Saudi commercial banking licence

21/03/2018

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has secured a licence from the Saudi Arabia Monetary Authority (Sama) to establish a commerci

Trade Arabia

FAB refutes allegations over Qatari rial

20/03/2018

First Abu Dhabi Bank (FAB) has refuted allegations that it had conducted any transaction with the intent to manipulate the Qatari riyal.

In a statement, FAB said: “Following recent media

Trade Arabia

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941

Valuation

FAB Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
NCB 64.98 0.35 (0.54%)
RJHI 76.03 0.78 (1.03%)
EMIRATESNBD 10.65 0.05 (0.47%)
SAMBA 26.98 0.59 (2.23%)
EIB 9.50 0.00 (0.00%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap