Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Tuesday’s trading session the green, backed by gains in several blue chip stocks, led by the National Bank of Abu Dhabi (NBAD) and Etisalat.
The general index surged 1.84% or 82.23 points and closed at 4,548.87 points.
The banking sector jumped 3.24% after NBAD gained 4.8% on the back of a new Standard & Poor’s report which said that the ratings agency changed its outlook on the bank to “stable”.
The telecom sector and its stock Etisalat were up 0.28% each.
The real estate sector edged up 0.03% after Manazel and Eshraq increased 3.6% and 0.9%, respectively.
On the flipside, the energy sector led fallers, losing 1.33% after TAQA plunged 5.26% on news that the Abu Dhabi Water and Energy Authority (ADWEA) raised its stake in the company to 74%.
Turnover reached AED 190.59 million up from AED 136.98 million on Monday, while traded volume increased to 90.05 million shares versus 88.75 million in the previous session.
