By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index rose 0.25%, or 11.37 points, to 4,591.11 points on Thursday, with lower liquidity.
Trading volume shrank to 73.96 million shares from 94.45 million on Wednesday, generating AED 145.97 million, compared to AED 265.056 million in the previous session.
The banks sector grew 0.31% after Sharjah Islamic Bank, RAKBank, Invest Bank, Bank of Sharjah, and First Abu Dhabi Bank (FAB) gained 3.33%, 3.19%, 0.8%, 0.7%, and 0.45%, respectively.
The telecommunication sector and its only stock Etisalat levelled up 0.28% each.
Breaking below 4,530 points can drag the general index down to 4,480 points and 4,440 points, while breaking above 4,610-point ceiling would level up the index to 4,715 points, vice president of Investment Research at KAMCO Raed Diab told Mubasher.
Meanwhile, the real estate sector tumbled 0.25% after Al Qudra Holding, Manazel Real Estate, Eshraq Properties, and Aldar Properties lost 7.41%, 3.28%, 1.28%, and 0.44%, respectively.
FAB was the most actively traded stock on the ADX in terms of liquidity, with a turnover of AED 38.02 million, while Manazel Real Estate topped the market in terms of the trading volume, with 14.7 million traded shares.
Translated by: Muhammad Khalid
