Abu Dhabi – Mubasher: The benchmark index of Abu Dhabi Securities Exchange (ADX) extended its gains for the third session in row as it closed higher on Tuesday.
ADX benchmark added 0.30% or 13.3 points to close at 4,469.08 points.
The market witnessed 106.89 million shares changed hands worth AED 71.9 million.
“The market is likely to keep its current levels as investors wait any motivating news,” said Raad Dayab, Deputy Manager at Kamco.
The market will continue its upside trend as long as the benchmark keeps its movement above the major resistance area between 4,600 and 4,640 points, while it will move down if the benchmark slide below the level of 4,430 points, added the analyst.
At the sectorial level, the banking sector went down by 0.40%, while each of the telecommunication, services, energy and real estate sectors slide by 0.28%, 3.21%, 1.83% and 0.69% respectively.
