Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) ended in the green on Wednesday to reverse the negative performance it witnessed for two successive sessions, backed by the rise of energy and telecom sectors.
The general index rose 0.73% or 27.8 points to reach 3,827.82 points.
The UAE markets are expected to see a positive performance on Wednesday as the oil prices rose and some investors intend to accumulate portofolios, analysts told Mubasher.
Turnover hit the highest level in 11 sessions, jumping to AED 204.620 million ($55.7 million) on Wednesday from AED 144.73 million ($39.4 million) on Tuesday. Trading volume rose to 64 million shares from 55 million shares.
The energy sector advanced 3.94% after Dana Gas increased 5%.
Etisalat leveled up 2.56% after ranking the second in terms of turnover after generating AED 42.8 million.
The banks sector inched up 0.08% as Sharjah Islamic Bank, Abu Dhabi Islamic Bank and Abu Dhabi Commercial Bank gained 7.2%, 6.45% and 6.31%.
On the flipside, the real estate sector declined 1.45%, weighed by Aldar Properties which fell 1.89%.
ADX rebounds amid high liquidity
MUBASHER Contribution Time: 27-Jan-2016 10:22
(GMT)
