By: Mahmoud Gamal
ADX snaps 5-session losing streak at openAbu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw an upward trend in Monday’s early trades amid the rise of banks, real estate and telecom sectors.
The general index rose 2.16% or 80.34 points to reach 3,869.02 points by 10:40am UAE time.
The markets are more prone to see a speculative rebound this week, said financial advisor Mohammed Shamimri.
Shamimri added that the markets saw positive catalysts including positive financials especially of the banks sector.
The banks sector rose 3.3% as First Gulf Bank and Emirates NBD advanced 10.8% and 4.3%, respectively.
The real estate sector increased 3.3% after Aldar Properties went up 2.7%.
The investment sector recovered 2.09% as Waha Capital gained 2.15%.
The consumer staples sector declined 1.7%, weighed by Agthia Group which fell 2.04%.
Turnover reached AED 21.99 million after 11.19 million shares were traded through 293 transactions.
Etisalat was the most active company as the stock generated AED 10.33 million after trading 651,270 shares.
Translated by: Julian Nabil
