Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) commenced Wednesday’s trading in the green, backed by a collective rise of its sectors, mainly real estate and telecom.
The benchmark index added 0.20% or 9.17 points to 4,485 points by 10:21am UAE time. Turnover reached AED 11.3 million after 9.6 million shares were exchanged through 116 transactions.
Analysts told Mubasher earlier today that UAE stock markets may see some stability on Wednesday - the last trading session of the month - as some portfolios and investment funds seek to improve their monthly closings.
The real estate sector grew 0.81% as Aldar gained 0.84%, while the telecom sector and its stock Etisalat added 0.35% each. The energy sector advanced 2.93% after Dana Gas surged 3.70%, while the banking sector edged up 0.01% as Union National Bank (UNB) increased 0.15%.
The ADX shed its earlier gains and ended Tuesday in the red, weighed by a collective decline of its leading sectors.
