Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has gained AED 32.7 billion ($8.98 billion) in July 2019 amid the accelerating purchasing power on some of the blue-chips stocks, topped by Aldar Properties’ stock.

The ADX’s general index jumped 337.95 points, or 6.8%, finishing the month at 5,317.90 points, versus 4,979.95 points at June’s close.

Market capitalisation stood at AED 541.97 billion, adding around AED 32.7 billion from AED 509.28 billion in June.

The real estate sector rose by 21.4% as Aldar Properties jumped 22.22% after being awarded AED 5 billion projects by the government of Abu Dhabi.

The Banks sector also increased in July by 7.13%, backed by Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB) which added 8.3% and 7.6%, respectively.

The energy sector went up by 5.9% as ADNOC distribution increased by 2.26%, and the telecommunication sector gained 3.36% as Etisalat rose by the same percentage.

Likewise, the investments sector rose in July by 5.01% on the back of Al Waha Capital’s stock that levelled up 6.95%.

In July, trading volume amounted to nearly 1.61 billion shares and was exchanged at a turnover of AED 4.14 billion.