Real estate, banks push up ADX Wednesday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Wednesday’s trading session in positive territory, supported by the growth of the real estate and banks sectors.

The general index increased by 30.95 points, or 0.64%, to finish at 4,859.62 points.

The ADX’s trading volume reached 42.53 million shares exchanged with a turnover of AED 190.63 million through 1,385 transactions.

The real estate sector topped the gainers adding 2.10% as Aldar Properties grew 1.95%.

Similarly, the banks sector levelled up 0.88% as First Abu Dhabi Bank (FAB) went up 1.30%, while the telecommunication sector and its sol stock, Etisalat, inched up 0.24%.

On the other hand, the industrial sector headed the losers falling 1.14% due to Gulf Cement’s 9.29% drop, while the energy sector went down 0.67% as Dana Gas plunged 2.77%.

FAB’s stock led the ADX in terms of liquidity with AED 114.117 million, while Manazel Real Estate’s stock posted the highest trading volume with 14 million shares.

Mubasher Contribution Time: 19-Dec-2018 11:55 (GMT)
Mubasher Last Update Time: 19-Dec-2018 12:00 (GMT)