Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Tuesday’s trading session near stable after the benchmark index edged up 0.04% or 1.70 points to 4,541.94 points.
The banks sector grew 0.19% after First Abu Dhabi Bank added 0.47%.
On the flipside, the energy sector lost 1.24% after Dana Gas retreated 1.49%, while the real estate sector slipped 0.15% after Eshraq Properties dropped 2.13%.
Turnover amounted to AED 87.25 million on Tuesday, down from AED 155.23 million on Monday, while traded volume fell to 40.88 million shares traded versus 57.83 million.
First Abu Dhabi Bank led in terms of turnover with AED 16.24 million, while Eshraq was the volume leader with 7.8 million shares exchanged.
Commenting on the ADX’s performance, head of investment research at KAMCO Raed Diab said that the ADX failed to maintain its gains from the previous session, noting that the index is awaiting new positive catalysts to help it rise.
This decline comes despite a rise in oil prices, the analyst told Mubasher.
First support for the ADX will be seen near 4,500 points, while a fall below that level will result in further losses towards 4,470 and 4,440 points, Diab said.
Meanwhile, a rise above the support level will open the way to a rise towards resistance at 4,550, then 4,600 points, respectively, he added.
