Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) posted its highest weekly gains in a month, on the back of the banks and telecom sectors.
The benchmark index rose by 2.31% or 104.25 points to reach 4,617.16 points by the week ended on 4 May when compared to the prior week.
ADX’s market cap increased by AED 9 billion ($2.45 billion) to total AED 475.28 billion ($129.37 billion) this week from AED 466.33 billion ($126.93 billion) a week ago.
The services sector topped gainers with a growth of 3.52%; the banks segment levelled up by 3.12%, on the back of NBAD which rose by 4.6%; the telecom sector gained 1.72% in line with Etisalat which posted the same rise.
Meanwhile, the energy segment edged down by 0.44%, dragged by TAQA which lost 1.67%.
The market’s liquidity recorded the highest level in a month, increasing to AED 753.85 million this week from AED 651.51 million in the past week.
The trading volume grew to 313.35 million shares from 254.69 million in the previous week.
