Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a positive performance on Thursday, spurred by the rise of leading sectors topped by real estate and banks.
The general index rose 1.13% or 49.6 points to reach 4,424.93 points.
Turnover amounted to AED 210.5 million on Thursday, compared to AED 141.97 million on Wednesday. Trading volume reached 76.04 million shares, compared to 46.32 million shares.
The market is still witnessing fluctuations, which led to a decline in stocks' price levels and liquidity, according to Jamal Ajaj, director of Al Sharhan Shares Centre in Abu Dhabi.
Some investors are still anxious as stocks of the companies which distributed cash dividends declined by more than the dividend’s yield, Ajaj added.
The real estate sector added 3.10% as Aldar Properties went up 4%.
The banks sector also gained 1.36% as the National Bank of Abu Dhabi (NBAD), First Gulf Bank (FGB), and Abu Dhabi Islamic Bank (ADIB) increased 3.47%, 2.43%, and 0.25%, respectively.
The telecom sector rose 0.85% due to an increase in Etisalat by 0.85%. The energy sector also went up 0.49% after TAQA gained 2.22%.
First Gulf Bank (FGB) was the value leader after generating AED 48.16 million, while Dana Gas was the most active stock with a trading volume of 16.88 million shares.
