By: Bedour Al Raee
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index inched down 2.68 points, or 0.06%, to 4,594.98 points on Thursday.
The ADX’s trading volume soared to 221.267 million shares from 50.91 million on Wednesday, while the market’s liquidity surged to AED 249.432 million, compared to AED 174.92 million in the previous session.
First Abu Dhabi Bank (FAB) topped the ADX in terms of liquidity, with a turnover of AED 42.75 million and 3.7 million traded shares.
The anticipation resulted in a near-stability close on the ADX, while new market-boosting catalysts were lacking, director general of Al Ansari Financial Services Eyad Al Bariqi told Mubasher.
The shockwave in the US markets during February still has repercussions on the UAE bourses, which will not last too long due to the expected positive disclosures, Al Bariqi added.
The telecommunication sector and its only stock, Etisalat, shed 0.58% each, while the investment sector lost 1.3%.
Meanwhile, the real estate sector rose 0.39% after Eshraq Properties and RAK Properties levelled up 1.37% and 2.44%, respectively.
The banks sector grew 0.14%, as FAB went up 0.43%.
The energy sector edged up 0.09%, as Dana Gas increased by 1.33%.
Translated by: Muhammad Khalid
