Abu Dhbai-Mubasher: Abu Dhabi Securities Exchange (ADX) maintained its bullish performance for the ninth session in row on Tuesday, spurred by the banks and real estate sectors.
The general index gained 1.03% or 43.98 points to reach 4,296.16 points; the highest level in eight weeks.
Trading volume declined to 49.41 million shares on Monday from 60.8 million shares on Tuesday. Meanwhile, turnover rose to AED 92.260 million ($25.11 million) from AED 92.13 million ($25.077 million).
The UAE markets are expected to continue their volatile trend amid the struggle ensued between buyers and sellers as stocks reached attractive price levels, analysts earlier told Mubasher.
The banks sector topped gainers after adding 2.01%, backed by the First Gulf Bank and Abu Dhabi Commercial Bank which increased 2.78% and 1.74%, respectively.
National Bank of Fujairah topped gainers after jumping 14.86%.
The real estate sector levelled up 0.87% as Aldar Properties increased 0.88%.
On the flipside, the energy sector retreated 2.08% as Dana Gas and TAQA slid 2.04% and 2.22% in a row.
