Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) grew in October on higher purchases, adding 1.35% to 4,456.65 points.
Blue chips pushed the market higher, with Etisalat taking the lead after levelling up 3.2% on the back of strong net profits for the third quarter of 2017.
Aldar Properties rose 2.15% after the announcement of a plan to expand in the GCC in addition to new projects.
First Abu Dhabi Bank (FAB) grew 1.5% over the month, despite its net profit decline in Q3-17.
On the other hand, Dana Gas retreated 1.32%, weighed down by the blurred situation of its sukuk case.
The ADX’s trading volume shrank to 2.08 billion shares from 2.4 billion shares in September, while the market’s turnover fell to AED 3.21 billion, compared to AED 4.14 billion in the previous month.
