Abu Dhabi Commercial Jumps to Three-Year High Before Stake Sale
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Abu Dhabi Commercial Bank PJSC rose to the highest in almost three years after the Malaysian government said the bank will sign an agreement to sell its stake in Kuala Lumpur-based lender RHB Capital Bhd on June 17.
The shares rallied 2.9 percent to 3.19 dirhams, the highest intraday level since October 2008, at 1:02 p.m. in Abu Dhabi. The stock has gained 9.6 percent this month.