By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index added 13.2 points, or 0.27%, to close at 4,859.45 points on Tuesday, encouraged by blue chips.
The ADX’s trading volume reached 64.36 million shares, while the market’s liquidity hit AED 214.73 million.
The ADI has been unstable due to the anticipation of listed companies’ disclosures for the first six months of 2018, technical analyst Ibrahim Al Felkawy commented.
However, the index is expected to rise to 4,900 points at the end of the week on the back of positive financial results, he added.
The telecommunication sector and its only stock, Etisalat, grew 1.17% each, while the banks sector inched up 0.09%, as Invest Bank catapulted 10.13%.
In a similar vein, the industrials sector went up 0.32% after RAK Cement gained 2.53%.
The energy sector, on the other hand, shed 0.8%, as Adnoc Distribution and Taqa lost 1.98% and 1.63%, respectively.
The real estate sector also decreased by 0.27% after Aldar Properties levelled down 0.49%.
Dana Gas topped the market in terms of volume, 21.9 million traded shares, while First Abu Dhabi Bank (FAB) was in the lead on the basis of the liquidity, with a turnover of AED 72.4 million.
Translated by: Muhammad Khalid
