Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index rose 46.6 points, or 1%, to close at 4,711.84 points on Tuesday.
The ADX’s trading volume shrank to 72.18 million shares from 85.51 million on Monday, while the market’s liquidity declined to AED 134.95 million versus AED 169.32 million in the previous session.
The banks sector added 1.86%, as Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank (FAB) surged 3.74% and 2.02%, respectively.
TAQA soared 5.38%, while Dana Gas gained 1.05%, pushing up their sector to reach Monday’s level.
Meanwhile, the real estate sector went down 0.42% after Eshraq Properties tumbled 2.63%.
Investors became more positive regarding the market’s performance, which is the result of blue chips’ accumulation, vice president of Investment Research at KAMCO Raed Diab told Mubasher.
The recovery of oil prices and the expected increase in the UAE’s growth rate, along with the disclosed dividends, served as a catalyst to such positivity in the ADX, Diab added.
