By: Mahmoud Gamal
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) rose for the second successive session, backed by the rise of banks stocks.
The general index added 0.10% or 4.4 points to reach 4,469.66 points.
The market saw trading of AED 164.95 million on Tuesday, compared to AED 239.19 million on Monday. Trading volume reached 68.28 million shares, compared to 139 million shares.
The markets are still suffering from the “sharp” decline in trading volumes as some investors tended to keep their cash and hold stocks, according to Jamal Ajaj, director of Al Sharhan Shares Centre in Abu Dhabi.
The banks sector rose 0.40% as Abu Dhabi Commercial Bank (ADIB) and First Gulf Bank (FGB) went up 2.39% and 0.39%, respectively.
On the other hand, the energy sector fell 1.79% after Dana Gas declined 2.3%.
The real estate sector sank 11.13% as Eshraq Properties and Aldar Properties tumbled 4.63% and 0.41%.
Aldar was the value leader after generating AED 36.60 million, while Eshraq was the most active stock after trading 25.94 million shares.
Translated by: Julian Nabil
