Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index opened Monday’s trading session in the green, backed by four sectors, led by telecommunications and banks.
The index grew 0.5% o9r 20.68 points to 4,256.36 points by 10:35am UAE time, coming in line with analysts’ expectations.
The telecom sector led risers, adding 0.6% as Etisalat saw a similar increase, while the banking sector levelled up 0.5%, backed by First Gulf Bank (FGB) with 0.8%.
The real estate sector was up, on the back of Aldar Properties. Both the stock and the sector increased 0.5%.
A total of 38.78 million shares changed hands, through 363 transactions, at turnover of AED 34.65 million.
Earlier today, analysts told Mubasher that UAE stock markets were expected to recover, amid positive speculations on the review of Morgan Stanley's emerging markets index (MSCI).
