By: Enas Bahgat

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Wednesday’s session in green, recovering from losses in the previous sessions.

The general index rose 0.30% or 13.33 points to 4502.05 points.

The banks sector rose 0.85%, on the back of UAB with 5.26%, UNB with 2.14%, and NBQ with 1.75%.

On the other hand, the telecommunications sector declined 0.84%, as Etisalat stock dropped by the same percentage.

Turnover increased marginally to AED 108.6 million from AED 100.7 million, after trading 70.9 million shares, versus 62.8 million shares on Tuesday, through 945 transactions.

Manazel achieved the highest trading activity, after trading 20.9 million shares, while First Abu Dhabi acquired the highest traded value at AED 18.2 million, through 63 transactions.

Crossing the 4,530-point level will motivate the market to reach the resistance level at 4,560 points, in line with the positive trends in the market due to the announcement of corporate’s financial results for Q3-17, Raed Diab, vice president of Investment Research Department in KAMCO, told Mubasher.

Translated by: Mohammad Shokhba