Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) finished Tuesday’s trading session on a positive performance, breaking two straight down streak, encouraged by the growth of the banks and telecommunication sectors.
The general index added 12.55 points, or 0.25%, to close the mid-week session at 49,660.78 points.
The ADX’s trading volume declined to 32.94 million shares on Tuesday, compared to 55.12 million on Monday, while the market’s liquidity increased to AED 123.817 million from AED 104.58 million.
The banks sector rose 0.60%, boosted by the stocks of First Abu Dhabi Bank (FAB) and the Commercial Bank of Dubai (CBD), which gained 0.70% and 0.38, respectively.
The telecommunication sector and its only stock, Etisalat, edged up 0.12% each.
The real estate sector fell 1.03% after Aldar Properties tumbled 1.16% and Eshraq Properties shed 0.33%.
The energy sector went down 0.38% after the stocks of Dana Gas and Taqa decreased 0.87% and 0.94%, consecutively.
The services sector led the market’s fallers with 2.50%.
National Marine Dredging Company’s (NMDC) stock topped gainers surging 14.74%, while RAK Insurance’s stock headed decliners with 9.37%.
FAB led the ADX in terms of trading value after generating a turnover of 42.11 million, while Dana Gas posted the highest trading volume with around 6.65 million shares.
