Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) commenced Tuesday’s trading session on a positive note backed by the banks and real estate sectors.
The general index edged up 0.10% or 4.42 points to 4,471.06 points by 10:30am UAE time, in line with analysts’ expectations.
The banks sector increased 0.35% as the National Bank of Abu Dhabi (NBAD) gained 0.5%, while the real estate sector added 0.08% after Manazel grew 3.6%.
The consumer staples sector edged up 0.05% after Asmak gained 0.5%.
Turnover reached AED 15.6 million as 17.8 million shares changed hands through 164 transactions.
Earlier on Tuesday, analysts told Mubasher they expected UAE stocks to see further selective buying by foreign and institutional investors ahead of companies’ announcements of first quarter financial results.
Stocks listed on the ADX are at good price-earnings ratio levels as seen by foreigners' increased purchases in the previous sessions, the analysts added.
