Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) rose to the highest level since September and achieved the largest liquidity since January 2014.
The general index advanced 1.53% or 63.65 points to reach 4,236.39 points.
Etisalat stock topped gainers after accounting for the lion’s share of market’s trading volume following the news that equity index compiler MSCI will add the telecom operator as of 30 November to its emerging markets index.
Turnover rose from AED 276.429 million to AED 2.29 billion ($624 million); the highest amount in 22 months.
Etisalat jumped 10% to AED 16.50 after turnover reached AED 2.040 billion, accounting for 89% of the market’s liquidity.
The real estate sector rose 1.15% after Aldar Properties and Ehraq Properties added 1.30% and 2%, respectively.
The banks sector levelled down 1.44% as National Bank of Abu Dhabi, Abu Dhabi Commercial Bank and First Gulf Bank decreased 5.90%, 3.10% and 0.83%, respectively.
The energy sector inched down 0.53% as Abu Dhabi National Energy retreated 0.45%.
Dana Gas trimmed the energy sector after adding 2.13% to AED 0.48 after the new that it, along with Crescent Petroleum, reached an “amicable and mutually beneficial settlement agreement” with RWE Supply & Trading.
