Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Thursday, the last trading session of the week, at its highest rise since mid-December 2014, backed by collective gains in all its sectors.

The benchmark index leaped 3.03%, adding 131.15 points and closing at 4,461.09 points, regaining the level of 4,400 points once more. Turnover increased to AED 315 million compared to AED 185.3 million on Wednesday, while traded volume grew to 196.42 million shares against 121.4 million in the previous session.

Earlier today, 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 6.36% after Aldar rose 6.94% and Eshraq grew 4.84%, while the banking sector added 3.2% on the back of gains by First Gulf Bank (FGB) and Abu Dhabi Commercial Bank (ADCB), which ended the session at a rise of 4.44% and 3.49%, respectively. The energy sector increased 3.1% after Dana Gas climbed 4%.

Market capitalisation added AED 11.08 billion ($3 billion) and closed at AED 417.66 billion ($113.7 billion) compared to its previous closing of AED 406.58 billion ($110.66 billion).

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