By: Mahmoud Gamal
Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a bullish performance for the third week in row, the highest level in six weeks.
The general index rose 2.25% or 101.9 points to reach 4,636.75 points.
Trading volume reached 852.75 million shares this week, compared 1.22 billion shares last week.
Turnover rose to AED 1.64 billion from AED 1.57 billion.
The services sector added 6.18% as National Marine Dredging Company advanced 3%.
The banks sector levelled up 2.8% after First Gulf Bank (FGB) grew 2.75%.
The energy sector gained 4.6%, supported by Dana Gas and TAQA which rose by 3.6% and 8.3% in a row.
The investment sector went up 0.47% as Waha Capital increased 0.47%.
The market’s positive performance is owed to investors who strengthened their positions in blue chips, especially Aldar Properties, which reached attractive levels, according to capital market analyst Alaa Ahmed.
