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ADX gains 19.80 pts in week

ADX gains 19.80 pts in week
The ADX’s general index levelled up by 0.39%

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has seen a positive performance this week on the back of real estate stocks.

The ADX’s general index levelled up by 0.39% to 5,093.29 points, gaining 19.80 points.

Market capitalisation increased by AED 950 million to AED 519.74 billion at the end of the week.

The real estate sector rose by 3.65%, backed by Aldar Properties’ stock that increased by 3.33%.

The banks sector added 0.48% as First Abu Dhabi Bank (FAB) and Abu Dhabi Islamic Bank (ADIB) rose by 1.32% and 1.14%, respectively.

The telecommunication sector edged up 0.12% as Sudatel Telecom’s stock jumped by 6.30%.

On the other hand, the energy sector fell by 1.73% as Taqa and Dana Gas went down by 8.57% and 1.58%, respectively.