Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) managed to rise for the third week in row, enhanced by the semi collective rise of sectors led by the energy and banks sectors.
The general index rose 1.54% or 65.53 points to reach 4,307.26 points in the last week of 2015.
The UAE markets witnessed a fluctuating performance as investors who hold portfolios tend to improve the annual closures, capital market analyst Kefah Maharma.
The market saw trading of 417.6 million shares, with turnover of AED 615.31 million.
Trading is still weak despite its recent improvement, but Maharma expected trading to rise in the coming weeks on continuous liquidity flows and appearance of new catalysts.
The local markets saw foreign investments from some portfolios held by major global institutions, after stocks reached attractive price levels.
The energy sector levelled up 4.61% after TAQA and Dana Gas jumped 6.82% and 4.08%, respectively.
The banks sector grew 2.08% as Abu Dhabi Commercial Bank and National Bank of Abu Dhabi advanced 3.78% and 0.76% in a row.
The real estate sector levelled up 0.98% on Aldar Properties which increased 0.87%.
The telecom sector went up 0.63% after Etisalat added 0.63%.
