3 sectors boost ADX Tuesday

By: Bedour Al Raee

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index grew 24.49 points, or 0.52%, to close at 4,706.76 points, pushed up by the banks, real estate, and telecommunication sectors.

The ADX’s trading volume increased to 57 million shares from 69 million on Monday, while the market’s liquidity reached AED 103.54 million versus AED 116.67 million in the previous session.

The banks’ sector added 0.87%, while the real estate sector gained around 0.62%, as Aldar Properties increased by 0.95%.

The telecommunication sector and its only stock, Etisalat, rose 0.29% each.

Meanwhile, the energy sector went down 0.13%, as ADNOC Distribution sank 1.58%.

Despite the fluctuation in the market, we can still be optimistic, vice president of Investment Research at KAMCO Raed Diab told Mubasher.

Investors are waiting for the first quarter’s results, full of anticipation, Diab said.


Translated by: Muhammad Khalid

Mubasher Contribution Time: 17-Apr-2018 12:06 (GMT)
Mubasher Last Update Time: 17-Apr-2018 12:13 (GMT)

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