By: Mahmoud Gamal

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Tuesday's trading session on a positive note backed by a rise of its leading sectors.

The general index grew 1.24% or 55.07 points and closed at 4,512.82 points.

The ADX has continued its recovery for the second session in a row as investors turn to stocks that have not reported the dividend distributions, vice president of investment research at KAMCO Raed Diab told Mubasher.

He noted that there was some caution and anticipation as to the oil price movement, particularly after growing fears of an increase in supply and ahead of the announcement of companies' first quarter financial results.

Turnover increased to AED 188.62 million on Tuesday from AED 136.78 million on Monday, while traded volume rose to 65.69 million shares versus 55.26 million in the previous session.

The banks sector added 1.44%, backed by First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD), which gained 1.56% and 1.94%, respectively.

The telecom sector and its stock Etisalat increased 1.4% each.

The real estate sector levelled up 0.95% after Aldar Properties grew 1.25% on the back of its shareholder decision on Monday to approve cash dividends for 2016.

The investment sector added 0.86% after Invest Bank surged 15%, ranking the biggest gainer on the ADX, despite postponing its annual general meeting (AGM).

Eshraq Properties' share was the most active in terms of traded volume with 9.68 million shares exchanged, while FGB was the value leader with AED 52.25 million.

Passing resistance at 4,530 points will boost the ADX's general index towards 4,600 points, Diab told Mubasher, noting that falling below support at 4,440 points will result in further declines toward 4,350 points.

Translated by: Nada Adel Sobhi