The Abu Dhabi Securities Exchange (ADX) ended its pre-Eid holiday session in the green amid strong gains by the industrial, real estate and banking sectors in addition to telecom company Etisalat.
The market’s benchmark index closed at a 1.05% rise, adding 52.25 pts and closing at 5005.21 pts, thus surpassing the 5000 pt-barrier once more.
The industrial sector led gaining sector after adding four percent, due to major gains particularly by Arkan, which soared by 15%, followed closely by Abu Dhabi Ship Building Co., which surged by 14.5%.
The real estate sector came in second place with a 2.27% rise, supported by Al Dar share, which added 2.57% to AED 3.59. The banking sector also gained today, registering a 0.82% increase amid gains by Abu Dhabi Commercial Bank (ADCB), First Gulf Bank (FGB) and Abu Dhabi Islamic Bank (ADIB), which gained 2.4%, 1.4% and 1.15%, respectively.
The ADX’s telecommunications sector also rose by 1.27% after Etisalat’s share added 1.27% to AED 11.95. ADX trade value reached AED 112.14 million at the closing of Sunday’s session after 26 million shares changed hands through the execution of 941 transactions.
The market’s benchmark index closed at a 1.05% rise, adding 52.25 pts and closing at 5005.21 pts, thus surpassing the 5000 pt-barrier once more.
The industrial sector led gaining sector after adding four percent, due to major gains particularly by Arkan, which soared by 15%, followed closely by Abu Dhabi Ship Building Co., which surged by 14.5%.
The real estate sector came in second place with a 2.27% rise, supported by Al Dar share, which added 2.57% to AED 3.59. The banking sector also gained today, registering a 0.82% increase amid gains by Abu Dhabi Commercial Bank (ADCB), First Gulf Bank (FGB) and Abu Dhabi Islamic Bank (ADIB), which gained 2.4%, 1.4% and 1.15%, respectively.
The ADX’s telecommunications sector also rose by 1.27% after Etisalat’s share added 1.27% to AED 11.95. ADX trade value reached AED 112.14 million at the closing of Sunday’s session after 26 million shares changed hands through the execution of 941 transactions.
Source:
Mubasher Exclusive