By: Enas Bahgat
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) grew on Thursday, registering its fifth successive rise.
The main index went up 0.24% or 10.89 points to 4,525.88 points.
The ADX's positive performance is likely to continue in the coming period as companies begin to disclose their results for the first nine months of 2017, said vice president of Investment Research at KAMCO Raed Diab.
The real estate sector added 1.13% after RAK properties and Aldar Properties grew 1.39% and 1.25%, respectively.
The banks sector also went up 0.26% after RAK Bank jumped 4.65%, while Abu Dhabi Commercial Bank (ADCB) rose 1.23%.
The telecommunications sector and its stock Etisalat grew 0.28% each.
The ADX’s trading value more than halved to AED 134.69 million on Thursday from AED 305.09 million on Wednesday, while trading volume fell to 85.34 million shares through 1,454 transactions, compared to 191.66 million shares.
Dana Gas acquired a large portion of the market’s trading volume with 18.8 million shares traded, while Etisalat led the market in terms of trading value, with a turnover of AED 26.6 million.
The rise in oil prices was reflected positively on the growth of the ADX’s main index on Thursday, Diab added.
Translated by: Muhammad Abdulwakeel
