By: Mahmoud Gamal
Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) managed to see a positive performance on Tuesday, backed by the positive speculations on leading stocks.
The general index rose 1.6% or 67.9 points to reach 4,283.55 points.
The markets saw selective purchases and speculations amid the political tension between Saudi Arabia and Iran, said Mahmoud Abou Zeid, a financial analyst at Namaa Consulting.
Trading volume reached 40.10 million shares, compared to 74.88 million shares. Turnover stood at AED 68.96 million ($18.77 million), compared to AED 93.52 million ($25.47 million).
The banks sector rose 2.14% as Abu Dhabi Commercial Bank and First Gulf Bank advanced 3.4% and 3.25%, respectively.
The real estate sector increased 1.4% after Aldar Properties levelled up 1.8%
The telecom sector grew 1.26% due to a rise in Etisalat by 1.26%.
The investment sector gained 0.9% as Waha Capital rose 0.9%.
The energy sector went up 0.76% after Dana Gas recovered 2.04%.
On the flipside, the consumer staples sector declined 0.6% as International Fish Farming Holding retreated 9.3%.
The industrial sector fell 0.34% after Abu Dhabi Ship Building slid 7.6%.
The insurance sector lost 0.3% as Takaful Al Emarat Insurance Co. went down 9.9%.
