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ADX gains over AED 151bn in market cap in July

ADX gains over AED 151bn in market cap in July
The energy sector topped the risers with 20.10%

Abu Dhabi – Mubasher: The general index of the Abu Dhabi Securities Exchange (ADX) ended July in the green zone, driven by rising blue-chip stocks in the energy and telecom sectors.

The ADX’s general index rose by 0.45% or 19.36 points to 4,304.73 points in July from 4,285.79 points a month earlier.

The energy sector topped the risers with 20.10%, followed by the telecom sector which advanced by 0.48%.

On the other hand, the banks sector headed the losers and slid by 2.16%, while the real estate sector retreated by 2.14%.

The market cap value jumped by AED 151.89 billion to AED 636.3 billion in July from AED 484.41 billion in June.

Meanwhile, the blue-chips Abu Dhabi National Energy PJSC (TAQA), Dana Gas, Abu Dhabi National Oil Company for Distribution (ADNOC Distribution), Emirates Telecommunications Group (Etisalat), and Abu Dhabi Commercial Bank (ADCB) advanced by 83.94%, 12.48%, 6.08%, 1.44%, and 0.60%, respectively.

On the other hand, Aldar Properties, Abu Dhabi Islamic Bank (ADIB), and First Abu Dhabi Bank (FAB) declined by 6.01%, 1.88%, and 0.72%, in that order.