Banks, real estate boost ADX Monday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index rose 11.29 points, or 0.25%, to 4,593.3 points on Monday on the back of the banks and real estate sectors.

The ADX’s trading volume surged to 68.25 million shares from 21.57 million on Sunday, while the market’s liquidity more than doubled to AED 107.32 million, compared to AED 49.85 million in the previous session.

The banks sector went up 0.4% after Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB) grew 0.98% and 0.44%, respectively.

The real estate sector levelled up 0.25%, as RAK Properties soared 2.53%, while the investment sector added 1.99% after Waha Capital gained 2.37%.

On the other hand, the services sector shed 0.52%, dragged down by Abu Dhabi Aviation, which lost 2.67%.

The energy sector sank 0.45%, as TAQA levelled down 1.28%.

Etisalat topped the ADX in terms of liquidity, with a turnover of AED 25 million, while Eshraq Properties was the most actively-traded stock in terms of volume, with 11.82 million traded shares.

Mubasher Contribution Time: 26-Feb-2018 11:19 (GMT)
Mubasher Last Update Time: 26-Feb-2018 11:20 (GMT)