Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed the third quarter of 2018 in the green, backed primarily by the banks, energy, and telecom sectors.
The ADX’s market capitalisation increased by AED 31.25 billion ($8.51 billion) between July and September to AED 492.281 billion ($134.03 billion) versus AED 461.027 billion ($125.52 billion) in the three-months ended June.
The banks sector grew 14% in Q3-18 backed by First Abu Dhabi’s (FAB) 16.9% gain along with Abu Dhabi Commercial Bank’s (ADCB) 13.5% rise.
The energy sector added 8% after Dana Gas increased 1.5%, whereas Abu Dhabi National Energy Co. “TAQA” fell 0.86%.
The telecommunications sector and its stock Etisalat went up 2.54% each.
On the other hand, the real estate sector retreated 9% after Aldar Properties tumbled 9.9% during the three-month period.
In September, the general index declined 1.03% or 51.51 points to 4,935.368 points. Turnover, during the month, amounted to AED 126 million after 58.836 million shares were exchanged.
Since the start of 2018, the ADX’s general index gained 12.21% or 536.928 points to reach 4,935.368 points. Turnover reached AED 25.624 billion while volumes reached 11.515 billion.
