Energy, bank shares lift Abu Dhabi exchange

16 June 2010

Abu Dhabi joined the general recovery mood in the GCC after strong gains at US exchanges yesterday (the Dow Jones Industrial Index surged 2.10% on Tuesday, closing at 10,404.77 points following signs of strengthening industrial production). Advances in the energy and bank sectors helped the ADX General Index advancing 0.34% and closing at 2,519.17 points. After several days of posting heavy losses, Dana Gas rebounded 1.61% at Dhs0.63. A number of banks also lifted the UAE capital's market, such as Abu Dhabi Commercial Bank (ADCB) or First Gulf Bank (FGB), closing at Dhs1.52 (up 1.99%) and Dhs14.65(1.74% higher) respectively.

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