By: Bedour Al Raee
Abu Dhabi – Mubasher: Abu Dhabi Securities Exchange’s (ADX) general index rose 7.56 points, or 0.17%, to close at 4,585.4 points, its third successive weekly growth, at the end of the week on the back of the energy and banks sectors.
The ADX’s trading volume surged to 560.48 million shares from 292.11 million in the previous week, while the market’s liquidity increased to AED 919 million versus AED 574.06 million a week earlier.
During the week, Market capitalisation reached AED 469.838 billion, while the energy sector jumped 5.74% and Dana Gas soared 9.52%.
Although some companies have posted positive results, the main factors affecting the ADX were investors’ morale and the selling pressure, director general of Al Ansari Financial Services Eyad Al Bariqi told Mubasher.
The banks sector levelled up 0.97%, as First Abu Dhabi Bank (FAB) surged 2.63% and Abu Dhabi Commercial Bank (ADCB) added 0.45%.
On the other hand, the real estate sector plunged 5.04% after RAK Properties dropped 12.82% and Aldar Properties tumbled 4.91%.
the telecommunication sector and its only stock, Etisalat, sank 1.12% each.
Translated by: Muhammad Khalid
