Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) maintained its bullish performance for the fifth session in row after seeing corrections in last moments on Tuesday, spurred by the real estate and banks sectors.
The general index levelled up 0.43% or 17.90 points to reach 4,209.15 points.
Trading volume reached 131.65 million shares on Tuesday, compared to 137.04 million shares on Monday. Turnover amounted to AED 161.126 million ($43.9 million), compared to AED 254.8 million ($69.42 million).
The real estate led risers after adding 1.51% as Eshraq Properties and Aldar Properties advanced 1.85% and 1.74%, respectively.
The UAE markets are still controlled by speculators amid the lack of catalysts in the current period, which will negatively affect liquidity, analysts previously told Mubasher.
The banks increased 0.79% after Abu Dhabi Islamic Bank and National Bank of Abu Dhabi grew 2.74% and 0.76 in a row.
On the flipside, the energy sector declined 0.77% as Dana Gas lost 2.04%. Meanwhile, the rise of TAQA by 4.35 trimmed the sector’s losses.
