By: Bedour Al Raee
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index grew 92.96 points, or 1.84%, to 5,137.81 points in February.
Market capitalisation increased by AED 6.5 billion to AED 515.34 billion last month.
Over the month, the real estate sector went up 9.04%, as Aldar Properties gained 11.95%, while the banking sector rose 2.96% after First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) levelled up 3.12% and 1.93%, respectively.
On the other hand, the energy sector lost 0.34%, as Adnoc Distribution declined 3.46% and Taqa went down 3.23%.
The investment sector retreated 18.26% after Waha Capital tumbled 19.44%.
ADX’s trading volume reached 1.037 billion shares last month, whereas the market’s liquidity hit AED 4.231 billion.
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The market underwent a wave of profit collection that pressured prices slightly, technical analyst Gamal Agag told Mubasher, adding that the growth of both the banking and real estate sectors pushed up the market.
The ADX added 39.7 points, or 0.78%, to 5,137.81 points in a week, while market capitalisation recorded AED 515.434 billion.
During the five-session period ended Thursday, the energy sector added 3.56% after Dana Gas gained 7.43%, while the real estate sector lost 0.36%, dragged down by Aldar Properties, which shed 0.56%
Translated by: Muhammad Abdul-Wakeel
