ADX rises 27 pts in week; market cap hits AED 11bn

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) benchmark index jumped 26.7 points, or 0.53%, to 5,055.456 points in the week ended on Thursday, registering its highest weekly growth in more than three months.

Over the course of the week, the ADX saw trading of 249.55 million shares, compared to 298.923 million a week earlier, while the market’s liquidity increased to AED 1.036 billion, from AED 701.23 million.

The bourse’s market capitalisation rose AED 10.9 billion to AED 514.99 billion in the week ended 15 November, compared to AED 504.089 billion a week before, according to Mubasher’s statistics.

The banks sector boosted the ADX’s main index after growing 2.48%, encouraged by First Abu Dhabi Bank’s (FAB) stock, which gained 2.63% to AED 14.8.

The energy sector jumped 7.7% after Dana Gas’ stock inched up 0.89%.

On the other hand, the telecommunication sector and its only stock, Emirates Telecommunications Group Company (Etisalat), fell 1.5% each.

Mubasher Contribution Time: 15-Nov-2018 11:15 (GMT)
Mubasher Last Update Time: 15-Nov-2018 11:22 (GMT)