Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Wednesday, the last trading session of the month, in the green, on the back of a semi-collective rise of its sectors led by energy.
The benchmark index grew 0.6% or 26.81 points and closed at 4,502.79 points. Turnover dropped to AED 137.39 million from AED 207.44 million on Tuesday, while traded volume was down to 49.51 million shares traded through 1,183 transactions compared to 79.53 million shares the day before.
The industrial sector led gainers, rising 2.74% after RAK Cement and RAK Ceramics soared 13.85% and 7.14%, respectively, while the energy sector grew 1.08% as Dana Gas climbed 1.85%, overcoming TAQA’s loss of 1.85%.
The real estate sector added 0.78% after Aldar gained 1.27%, whereas Eshraq, RAK Properties and Manazel declined between 1.47% and 2.90%.
The banking sector increased 0.57% after Abu Dhabi Commercial Bank (ADCB) and Abu Dhabi Islamic Bank (ADIB) advanced 4.65% and 0.91%, respectively. The telecom sector and its stock Etisalat increased by 0.35%.
The banking sector was the most active in terms of turnover with AED 67 million, as ADCB traded for AED 29.7 million.
Market capitalization added AED 3.32 billion ($904 million) and closed at AED 424.14 billion ($115.455 billion) compared to Tuesday’s closing of AED 420.82 billion ($114.48 billion).
Analysts told Mubasher earlier today that UAE stock markets may see some stability on Wednesday as some portfolios and investment funds seek to improve their monthly closings.
