Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a positive performance in Sunday’s early trades due to a rise in the banks and real estate sectors.
The general index rose 2.9% to reach 4,024.04 points by 10:40am UAE time.
The UAE markets are likely to continue their speculative trend this week as portfolio investors are positioning to promote their investments so as to end the month stronger at the time that oil and global markets are on the rise.
The market saw trading of 75.58 million shares through 1,035 transactions, with turnover of AED 75.58 million.
The banks sector topped gainers after adding 5.72%, backed by First Gulf Bank which levelled up 11.8%.
The real estate sector increased 4.4% as Aldar Properties rose 4.09%. Alsar’s stock was the value leader after generating AED 38.42, with trading volume reaching 16.54 million shares exchanged through 257 transactions.
The telecom sector declined 0.3% as Etisalat lost 0.3%.
