By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed the week ended Thursday, 17 May in the green, backed by its leading sectors, after reaching its lowest level since January the week before.
The general index grew 0.67% or 29.60 points to close at 4,431.71 points.
Traded value and volume dropped this week, with the ADX logging AED 531.43 million in turnover, down from AED 745.04 million, and 238.71 million traded shares versus 439.62 million shares, the week before.
The real estate sector led the week’s risers, adding 2.34% after Eshraq and Aldar Properties increased 2.74% and 2.46%, respectively.
The investment sector also grew 1.62% after Al Waha Capital gained 2.94%.
The banks sector added 0.68% after Abu Dhabi Islamic Bank (ADIB) and the Bank of Sharjah rose 0.26% and 2.80%, respectively. Sharjah Islamic Bank and Union National Bank also went up 1.63% and 1.10%, respectively, this week.
On the flip side, the energy sector decreased 0.52% after TAQA’s stock retreated 7.69%, while ADNOC Distribution lost 0.40.
