Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a bullish performance for the second successive session on Wednesday, backed by the growth of the telecom and banks sectors.
The general index rose 1.02% or 46.64 points to reach 4,608 points.
Turnover amounted to AED 79.04 million on Wednesday, compared to AED 143.5 million on Tuesday. Trading volume reached 60.06 million shares, compared to 115.5 million shares.
Trades were focused on blue chips in an attempt to push the main index higher, according to Eyad Al Bouriki, general manager of Al Ansari Financial Services.
The banks sector went up 1.55% after Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank grew 1.94% and 1.87%, respectively.
The telecom sector gained 0.81% as Etisalat levelled up 0.81%.
On the other hand, the energy sector fell as TAQA went down 1.96%.
The real estate sector declined 0.24% as Eshraq Properties levelled down 1.06%. The services sector also retreated 1.02% as Gulf Medical Projects (GMPC) slid 10%.
