ADX rises on banks, telecom stocks Thursday

Abu Dhabi –Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a positive performance on Thursday as most sectors, led by the banks and telecom, closed higher.

The general index rose 1.88% or 83.4 points to reach 4,517.15 points.

The market saw of trading of 194.31 million shares through 2,895 transactions, with a turnover of AED 399.05 million.

The consumer staples sector topped gainers with a 4% rise. The banks sector went up 2.33% as Abu Dhabi Commercial Bank (ADCB) gained 5.5%.

The telecom sector increased 1.66% as Etisalat levelled up 1.66%.

The energy sector fell 0.38% due to a decrease in TAQA by 1.85%.

AXA Green Cresent Insurance topped gainers with a 13.5% rise, while Abu Dhabi Ship Building (ADSB) was the worst performer after falling 7.7%.

Manazel Real Estate was the most active stock after trading 70.55 million shares, while National Bank of Abu Dhabi (NBAD) was the value leader after generating AED 84.32 million.

Mubasher Contribution Time: 08-Dec-2016 11:36 (GMT)
Mubasher Last Update Time: 08-Dec-2016 11:36 (GMT)