ADX main index up in week amid lower market cap

ADX main index up in week amid lower market cap
ADX’s turnover declined to AED 829.484 million this week

By: Bedour Al Ra’ee

Abu Dhabi - Mubasher: The benchmark index of the Abu Dhabi Securities Exchange (ADX) registered a drop of 0.33% or 16.13 points to reach 4,934.44 points by the week ended on 12 September when compared to the previous week.

The UAE stock markets will be closed on Thursday, 13 September, on the occasion of the Hijri new year instead of Tuesday, 11 September, and trading will resume on Sunday, 16 September.

Market capitalisation shrank by AED 2.152 billion ($585.8 million) during this week to reach AED 489.807 billion ($133.33 billion) compared to AED 491.959 billion ($134 billion) in the week ended on 6 September.

The banks sector went up 2.10%, backed by Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi which rose by 4.31% and 4.10%, respectively.

The energy segment added 1.95% in line with the 0.87% growth of Dana Gas.

Meanwhile, the telecom segment retreated by 4.21%, dragged by Etisalat stock which registered the same decline.

The real estate sector went down 1.36%, endorsed by the 1.57% rise of Aldar Properties.

ADX’s turnover declined to AED 829.484 million this week from AED 901.632 million, after the trading volume grew to 294.179 million shares from 272.124 million.

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Source: Mubasher Exclusive

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