Banks push up ADI Tuesday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index gained 0.51% or 22.95 points to close at 4,479.60 points after declining for three successive sessions.

The banks sector levelled up 1.26% after Abu Dhabi Commercial Bank (ADCB), Union National Bank (UNB), First Abu Dhabi Bank (FAB), and Abu Dhabi Islamic Bank (ADIB) rose 1.93%, 1.66%, 1.47%, and 0.53%, respectively.

Aldar Properties grew 0.42%, boosting the real estate sector, which added 0.23%.

Meanwhile, the telecommunications sector and its only stock Etisalat shed 0.83% each.

Dana Gas acquired a large portion of the ADX’s trading volume with 12.3 million traded shares, while FAB ranked first on the market in terms of liquidity, with a turnover of AED 60.2 million through 177 transactions.

The ADX’s trading volume nearly doubled to 44.9 million shares from 27.2 million shares on Monday, while the market’s turnover jumped to AED 122.6 million through 788 transactions, compared to AED 86.7 million in the previous session. 

Mubasher Contribution Time: 31-Oct-2017 11:07 (GMT)
Mubasher Last Update Time: 31-Oct-2017 11:10 (GMT)