Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) bounced back into the green in Thursday’s early trades amid a semi-collective rise of sector led by real estate.

The general index gained 1.60% or 69 points to 4,399 points, nearing the level of 4,400 points by 10:17am UAE time. Turnover reached AED 42.9 million after 25.3 million shares were traded through 381 transactions.

Analysts told Mubasher that the recent declines in UAE stock markets has brought down prices to significantly low levels, thus making way for long-term investments.

The real estate sector surged 4.4% as Aldar and Eshraq grew 4.6% and 4.8%, respectively. Meanwhile the banking sector added 1.82% after First Gulf Bank (FGB) increased 2.9%, while Abu Dhabi Islamic Bank (ADIB) and Abu Dhabi Commercial Bank (ADCB) added 2.5% each, whereas the National Bank of Abu Dhabi (NBAD) shed 1.10%.

The telecom sector and its stock Etisalat climbed 1.6%, while the energy sector grew 1.5% as Dana Gas gained 2%.

The ADX saw a marginal loss at Wednesday’s closing, after suffering pressure from the real estate sector and shrugging off gains by the energy, telecom and banking sectors.