Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a correction on Wednesday following its decline for six successive sessions, backed by the rise of energy and banks stocks.
The general index rose 0.59% or 26.23 points to reach 4,497.34 points.
Trades on Union National Bank’s (UNB) stock boosted the market’s liquidity to reach AED 243.8 million on Wednesday from AED 113.52 million on Tuesday.
UNB generated AED 106.739 million from the exchange of 24 million shares, accounting for 44% of the market’s turnover.
The energy sector led gainers with a 6.27% rise as TAQA and Dana Gas advanced 11.11% and 5.08%, respectively.
The banks sector grew 0.87% after Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB) went up 1.67% and 1.44%, respectively.
The real estate sector also added 0.70% due to a rise in Aldar Properties by 0.87%.
On the other hand, the telecom sector fell 0.28% as Etisalat retreated 0.28%.
