Most Gulf stock markets closed higher after the US Congress adopted a debt ceiling agreement to prevent a government default in the world’s biggest economy.
Before its weekend, Index FADGI in Abu Dhabi closed in positive territory, up by 0.42 percent, on Friday, one day after the US Senate passed the bill.
The country’s main lender, FAB, was among the best performers, and closed 1.57 percent up followed by ADNOC Drilling Company, which ended the session 1.37 percent higher at AED3.7.
The benchmark index for Saudi Arabia (TASI) rose 1.9 percent on Sunday, supported by gains of 2.5 percent in Al Rajhi Bank and 3.8 percent in Riyad Bank, Reuters reported.
The index (QSI) in Qatar ended the day 1.8 percent higher, with nearly all stocks closing in the green, including Qatar Islamic Bank which increased by 2.1 percent.
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