Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) continued its rise for the fifth session in a row on Thursday amid an increase in trading activity, triggered by blue chips.
The general index levelled up 1.55% or 64.25 points to reach 4,212.88 points, the highest level in six weeks.
Turnover reached AED 369.30 million ($100.5 million) on Thursday, compared to AED 208.5 million ($56.76 million) on Wednesday. Trading volume stood at 250.74 million shares, compared to 156.08 million shares.
The real estate sector advanced 3.9% after Aldar Properties and Eshraq Properties rose 4.18% and 3.45%, respectively.
The banks sector increased 2.09% as First Gulf Bank (FGB), Abu Dhabi Commercial Bank (ADCB) and National Bank of Abu Dhabi (NBAD) gained 2.94%, 1.52% and 1.49%, respectively.
The energy sector went up 0.89%, backed by TAQA which grew 4.88%.
The telecom sector edged higher 0.31% as Eitsalat inched up 0.31% as well.
FGB was the value leader after generating AED 81.15 million, while Eshraq Properties was the most active company with trading volume of 131.35 million shares.
