Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) closed in the green on Thursday, backed by the real estate stocks, especially Eshraq Properties which topped gainers after its chairman and board members submitted their resignation.
The UAE markets are expected to maintain their upward trend on Thursday amid the rising oil prices and the Federal Reserve’s decision to hold interest rates unchanged, analysts earlier told Mubasher.
The general index rose 2.16% or 82.62 points to reach 3,910.44 points.
Turnover rose to the highest level in 24 session, rising to AED 314.28 million ($85.55 million) on Thursday from AED 204.62 million ($55.7 million) on Wednesday. Trading volume stood at 146 million shares, compared to 64.05 million shares.
The real estate sector went up 6.45%, backed by Eshraq Properties which topped gainers after jumping 13.64%, in addition to Aldar Properties increased 13.64% and 5.77%, respectively.
The energy sector increased 4.30% after Dana Gas levelled up 4.76%.
The telecom sector advanced 2.5% due to the rise of Etisalat.
The banks sector gained 1.61% after National Bank of Abu Dhabi and Abu Dhabi Islamic Bank grew 4.68% and 3.94% in a row.
