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ADX extends 7-day rally, buoyed by real estate

ADX extends 7-day rally, buoyed by real estate
Photo Credit: Arabianeye-Reuters

Abu Dhabi- Mubasher: The Abu Dhabi Securities Exchange rose for the seventh straightsession on Tuesday, amid backing from real estate stocks.

The benchmark index ADI rose 0.13% or 6 points to close at 4,559.7 points.

Real estate stocks were bullish, led by RAK Properties, which jumped 5.9% to AED 0.72 after achieving its biggest traded volume this year with 65 million shares.

Aldar Properties rose 2.4% to AED 2.59 and Eshraq gained 1.33% to AED 0.76.

The market gains were trimmed by FGB and Etisalat, which lost 0.33% and 0.44%, respectively.

Tuesday’s traded volume amounted to 186 million shares, exchanged in 1,999 transactions at AED 282.2 million.

Translated by Sayed Abdel Rahman