Banks sector bolsters ADX at Monday’s close

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) added 44.21 points or 0.90% to close at 4,979.58 on Monday, buoyed by the banking sector.

The ADX’s trading volume amounted to 218.69 million shares, generating AED 336.87 million in turnover.

The banks sector rose 1.67% after the stocks of Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Commercial Bank (ADCB) advanced 2.11% and 0.83%, respectively.

Wahat Al Zaweya Holding PJSC was the most traded stock on the ADX on Monday, logging AED 53.300 million, followed by First Abu Dhabi Bank (FAB) with AED 39.33 million.

The services sector rose 2.89% after Abu Dhabi National Hotels jumped 6.67%, making it the bourse’s top gainer.

On the other hand, the energy sector fell 0.57% after Dana Gas plunged 0.85%.

The real estate sector fell 0.46% after Aldar Properties dipped 1.10%, while Eshraq properties rose 4.09% after its shareholders approved a buyback programme of no more than 10% of its capital for resale.

The telecommunications sector fell 0.24% on the back of declining shares of its only stock Etisalat.

Mubasher Contribution Time: 01-Oct-2018 11:52 (GMT)
Mubasher Last Update Time: 01-Oct-2018 11:52 (GMT)