By: Mahmoud Gamal
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index surged 103.17 points, or 2.25%, to 4,688.57 points in a week, backed by blue chips, especially Dana Gas and Aldar Properties.
The ADX’s trading volume shrank to 403.36 million shares from 475.37 million in the previous week, while the market’s liquidity declined to AED 608.12 million versus AED 770.35 million a week earlier.
The banks sector gained 4.88% after First Abu Dhabi Bank (FAB) jumped 5.9% to AED 12.4, while the energy sector jumped 4.56%, as Dana Gas skyrocketed 5.43% to AED 0.97.
By contrast, the real estate sector went down 1.63%, as Aldar Properties levelled down 2.35%. The telecommunication sector and its only stock, Etisalat, fell 1.4% each.
The ADX is on the right track and continue to do so as long as it remains over the 4,482-point level, capital market analyst Ines Mguidich.
Translated by: Muhammad Khalid
