By: Mahmoud Gamal
Abu Dhabi - Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Monday’s trading session in the green zone, on the back of the majority of blue chip stocks.
Abu Dhabi General Index (ADI) added 0.7% or 31.6 points and closed at the level of 4,521.58 points.
Market analyst Rami Al-Seedany told Mubasher that with blue chip stocks, especially Etisalat and Aldar, reaching high levels this has pushed purchasing power and helped the market rise today.
The investment sector was the leading gainer today as it added 2.6%, on the back of Waha Capital which gained 2.7%, while real estate increased by 1.65% as Aldar grew 1.9%.
The banks sector added 0.86% as First Gulf Bank (FGB) went up 1.6%, while the telecom sector gained 0.3% as Etisalat rose with the same percentage.
Traded volume reached 117.89 million shares with a total turnover of AED 285.07 million, through 2,109 transactions.
Al-Seedany also said that he expects ADX to continue its gains in tomorrow’s session, adding that the market is targeting the level of 4,600 points.
