Mubasher TV
Contact Us Advertising   العربية

ADX grows 55 pts; market cap rises AED 4bn at Thursday’s close

ADX grows 55 pts; market cap rises AED 4bn at Thursday’s close
The real estate sector grew 3%

Abu Dhabi – Mubasher: The benchmark index of the Abu Dhabi Securities Exchange (ADX) ended Thursday’s trading session on positive note for the second straight session, driven by the real estate, banks, and energy sectors.

The ADX’s benchmark index rose 54.94 points, or 1.05%, to close the last session of the week at 5,292 points.

The ADX’s turnover amounted to AED 284.718 million with the trading volume reaching 106.24 million shares changed hands through 1,748 transactions.

Meanwhile, the ADX’s market capitalisation gained AED 4.05 billion to AED 533.82 billion on Thursday from AED 529.776 billion on Wednesday.

The real estate sector grew 3%, supported by the 3.31% increase in Aldar Properties, following the announcement of Abu Dhabi’s new foreign property ownership rules.

Similarly, the banks sector went up 1.38% as Abu Dhabi Commercial Bank (ADCD) and First Abu Dhabi Bank (FAB) increased by 2.45% and 1.51%, respectively.

Meanwhile, the energy sector rose 0.75% after Abu Dhabi National Energy (Taqa) and Dana Gas levelled up 2.30% and 1.89%, respectively.

FAB’s stock led the bourse in terms of trading value with AED 64.84 million, while the stock of Dana Gas posted the highest trading volume after 38.81 million shares were exchanged.