By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchanges’ (ADX) general index rose 5.88 points, or 0.13%, to 4,583.67 points on Wednesday after 46.1 million shares were traded, with a turnover of AED 119.3 million.
It is obvious that the market is unable to attract more liquidity while incentives are lacking after the end the disclosure period, the financial analyst at Mena Corp Issam Kassabieh said.
The ADX needs to attract investment portfolios, which in return could revive the buying transactions, Kassabieh added.
The energy sector rose 1.33% after TAQA, Dana Gas, and ADNOC Distribution levelled up 2.63%, 1.37%, and 0.75%, respectively.
The real estate sector grew 0.74%, as Aldar Properties increased by 0.92%.
The banks sector upped 0.26% after Abu Dhabi Islamic Bank (ADIB), Bank of Sharjah (BOS) First Abu Dhabi Bank (FAB), and Abu Dhabi Commercial Bank (ADCB) gained 1.23%, 0.84%, 0.44%, 0.41%, respectively.
Translated by: Muhammad Khalid
