By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index rose 9.42 points, or 0.21%, to close at 4,542.53 points on Monday on the back of stock accumulation.
The ADX’s trading volume grew to 40.83 million shares from 27.32 million on Sunday, while the market’s liquidity increased to AED 70.52 million versus AED 62.43 million in the previous session.
The ADX’s trading value was weakened by selective buying transactions, the technical analyst at the African Economic Council Mona Mostafa said.
The telecommunication sector and its only stock, Etisalat, grew 0.56% each.
The banks sector also rose 0.28% after First Abu Dhabi bank (FAB) and Abu Dhabi Commercial Bank (ADCB) grew 0.45% and 0.43%, respectively.
Likewise, the real estate sector inched up 0.03%, as Eshraq Properties surged 2.86%.
On the other hand, the energy sector shed 0.99% after TAQA, Dana Gas, and ADNOC Distribution lost 1.35%, 1.32%, and 0.38%, respectively.
FAB was the most actively-traded stock in terms of liquidity, with a turnover of AED 11.24 million, generated through 145 transactions.
Translated by: Muhammad Khalid
