The Abu Dhabi Securities Exchange (ADX) ended Tuesday on a positive note, rising by 1.5% or 51.71 pts to 4771.29 pts.

Turnover was seen at AED 292.12 million as around 115 million shares were traded through 2492 transactions.

A total of 26 companies traded, of which 11 were in the green, 12 were in the red and 3 remained unchanged.

Market performance was mixed as the real estate and banking sectors led gainers, adding 1.77% and 1.46%, respectively, whereas the consumer staples and investment sectors led decliners, dropping 3.27% and 2.09%, respectively.

Gulf Medical Projects and Finance House (FH) topped gainers surging by 9.96% and 9.95%, respectively, whereas Arkan, Abu Dhabi Ship Building (ADSB) and Agthia led losers, shedding 6.25%, 4.41% and 4.04%, respectively.

Commenting on the ADX’s performance today, Fady Ghatis, CEO of Think for Financial Services, told Mubasher in a statement that the banking and real estate sectors supported the market’s gains today. The banking sector has been a wild card for many markets lately as it does not have any speculative moves, he added.

There is an obvious state of fluctuation in the markets throughout Tuesday’s trading session, market expert Wadah Taha said, adding that this highlights investors’ state of fear and uncertainty.

UAE markets succeeded in closing the green, despite low liquidity, which signifies that we cannot state that this is the end of the wave of declines that has hit the local markets, he added.

Speculators are the ones who benefit most from the market’s decline over the past few days, Al Ghatis told Mubasher, adding that they had kept an eye on international stocks more than their local ones.

UAE markets succeeded in exiting the influence imposed by global markets, Think CEO highlighted.

It is worth noting that First Gulf Bank (FGB) surged by 2.40% following an announcement that the Bank will issue bonds in foreign currency within 12 months.