Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index grew 23.76 points, or 0.52%, to close at 4,608.97 points on Wednesday, pushed up by the banks sector.
The ADX’s trading volume shrank to 51.87 million shares from 60.53 million on Tuesday, while the market’s liquidity declined to AED 101.4 million against AED 109.13 million in the previous session.
The banks sector rose 1.55% after First Abu Dhabi Bank (FAB) increased by 1.7%.
On the other hand, the real estate sector lost 1.91% after Aldar Properties tumbled 2.37%.
The telecommunication sector and its only stock, Etisalat, declined 0.57% each.
The energy sector levelled down about 0.36%, as Dana Gas dropped 2.04%.
The market needs new market-moving catalysts to attract liquidity, which could be the announcement of the listed companies’ first-quarter profits, vice president of Investment Research at KAMCO Raed Diab said.
