Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index grew 74.1 points, or 1.55%, to close at 4,844.19 points in the week ended 26 July, backed by the banks, energy, and telecommunications sectors.
Over the week, the ADX’s trading volume reached 192.096 million shares, while its liquidity was AED 580.94 million.
Market capitalisation recorded AED 485.81 billion during the week ended 26 July, up from AED 480.662 billion the week before.
UAE markets are still suffering from a shortage of liquidity, which is typical during the summer months and partially due to some listed companies’ exposure to Abraaj, Al-Sharhan Centre’s general manager Gamal Agag told Mubasher.
Since May, the Abraaj Group has suffered troubles, following money misuse allegations, which lead it to a liquidation and a court-supervised restructuring.
The banks sector added 2.49%, as First Abu Dhabi Bank (FAB) rose 3.42%, while the energy sector went up 2.26% after Dana Gas increased by 5.71%.
Meanwhile, the real estate sector declined 0.94%, as Aldar Properties shed 0.97%.
