ADX reverses downward trend on Etisalat, Aldar

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) managed to close at a rise on Monday, backed by Etisalat and Aldar Properties.

The general index gained 0.26% or 10.82 points to reach 4,209.69 points.

Trading volume declined to 73.16 million shares on Monday from 115 million shares on Sunday. Likewise, turnover decreased 15.13% to AED 248.7 million from AED 293.40 million.

The consumer staples sector topped gainers after adding 3.33% through Agthia Group which advanced 3.87%.

The telecom sector levelled up 1.91%, backed by Etisalat.

The real estate sector increased 1.33% after Aldar Properties went up 1.74%.

Abu Dhabi National Company for Building Materials was the best performer after rising 7.14%, pushing the industrial sector to add 1.70%.

On the flipside, the energy sector declined 4.55% after Dana Gas retreated 6.25%.

The banks sector fell 0.51% as Abu Dhabi Commercial Bank and First Gulf Bank slid 2.38% and 0.82%, respectively.

MUBASHER Contribution Time: 07-Dec-2015 10:39 (GMT)