Monday, 6 August 2018

MIDEAST STOCKS-Abu Dhabi index at highest in almost three years on energy, banks | Reuters

MIDEAST STOCKS-Abu Dhabi index at highest in almost three years on energy, banks | Reuters:

Gains in energy and banking stocks lifted the Abu Dhabi index to its highest level in almost three years, while financial stocks lifted Kuwaiti shares, as the two markets led gains across most Gulf exchanges on Monday.

The Abu Dhabi index ended 1.6 percent higher at 4,884 points, the highest mark since late July 2015.

The Abu Dhabi National Energy Co (TAQA) surged 4.2 percent and First Abu Dhabi Bank (FAB) rose 3.3 percent.

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