Dubai: The Abu Dhabi index extended gains on Sunday to revisit its highest level in 13 years due to continued investment flows in banking stocks.
The Abu Dhabi Securities Exchange general index hit a high of 5,361.85, the highest level since 2006, before closing 1.03 per cent higher at 5,346.30, report agencies.First Abu Dhabi Bank (FAOther banking stocks such as Union National Bank, Abu Dhabi Commercial Bank also gained. UNB closed 2.32 per cent higher at Dh5.73, while ADCB closed 1.77 per cent higher at Dh9.79.
The Dubai Financial Market general index closed 0.24 per cent higher at 2,820.78. Gulf Finance House closed 0.93 per cent higher at Dh1.09. Islamic Arab Insurance Company ended 0.68 per cent higher at Dh0.594.