Mubasher: Abu Dhabi Securities Exchange (ADX) recorded a positive performance during April, backed by both the energy and telecom sectors.
The main index of ADX grew 3.5% or 153.1 points to reach 3,543.53 points by the end of April.
Shares of the petrochemical and telecom sectors boosted ADX’s performance to remain positive during April, in line with the good appetite of traders after oil prices reached above $45 per barrel, said director of Al Sharhan Shares and Bonds Jamal A'ajaj.
The market’s liquidity shrank to AED 4.85 billion, as trading volume decreased to 3.16 billion shares.
The energy sector topped the gainers by a 13.4% rise, enhanced by a 28.6% surge of Abu Dhabi National Energy (TAQA).
Banks sector rose by 4.8%, as First Gulf Bank gained 10.2%.
The telecom sector leveled up by 2.16%; the same percentage Etisalat stock gained.
The real estate sector edged up 0.2%, backed by Aldar properties which rose by 1.09%.
