ADX rises Monday on blue-chip gains

Turnover more than doubled to $43.4mln on Monday


Abu Dhabi: The Abu Dhabi Securities Exchange (ADX) closed Monday on a high note, backed by its leading stocks in the real estate and banks sectors.

The general index grew 0.89% or 41.71 points to close at 4,733.39 points.

Turnover more than doubled to AED 159.731 million on Monday from AED 71.56 million on Sunday, while traded volume increased to 46.73 million from 28.67 million.

The real estate sector led risers, adding 1.16% after Aldar Properties added 1.44%, while the banks sector gained 1.15% on the back of First Abu Dhabi Bank (FAB), which rose 1.61%.

The telecommunications sector and its only stock Etisalat went up 0.59% each, while the energy sector added 0.43% after Dana Gas gained 0.93%. Moreover, Gulf Cement’s stock led rising stocks, adding 4.12%.

On the other hand, the investment sector was down 0.51% after Waha Capital shed 0.56%.

FAB was the ADX’s value leader with AED 47.6 million, while Aldar was the most active in terms of traded volume with 20.02 million shares exchanged.

Source: Mubasher

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