ADX hits 4 month-high amid liquidity boost

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) maintained its bullish performance for the fourth session in a row amid higher trading volume and turnover on real estate sector.

The general index gained 0.16% or 7.15 points to reach 4,379.63 points, the highest level in 17 weeks.

Trading volume rose to 409.29 million shares on Wednesday, compared to 246.05 million shares on Tuesday. Turnover increased to AED 469.38 million, compared to AED 127.762 million.

The real estate sector advanced 0.31%, backed by Aldar Properties which grew 1.20%.

Eshraq Properties trimmed the sector’s gains after losing 5.13%, yet it was the value leader with turnover of AED 93 million.

The banks sector levelled up 0.3% as First Gulf Bank (FGB) increased 1.57%. 

Mubasher Contribution Time: 02-Mar-2016 10:35 (GMT)