Stocks of Abu Dhabi Commercial Bank (ADCB) reached their highest point since September, 2009 when the traders saw the potential in bank stocks and got interested in them. ADCB, however, was the major gainer.

The stock price of it went up by 3.2 per cent to be at Dh2.60 on the Abu Dhabi Securities Exchange (ADX) General Index. This is the highest that the stock has gone in the last 18 months and same was the case with other big banking stocks as well.

Following it was the National Bank of Abu Dhabi which advanced 1.6 per cent to Dh9.90. As these stocks went up, the Dubai Financial Market (DFM) General Index, Deyaar Development also rose by 0.4 per cent to be at Dh2.41 and Emirates NBD was up 0.3 per cent to Dh3.30.

When asked as to what should be expected now, the brokers said that they are eagerly waiting for the bank results now. But it is a general perception that the banks have already touched their peak levels and even the Q1 results are not going to change much of that.