The Abu Dhabi Securities Exchange’s (ADX) general index rose 0.64% or 31.77 points to close at 4988.74 points on Thursday, encouraged by an increase in the heavyweights’ gains.
The ADX’s trading value dropped to AED 109.176 million after 27.48 million shares changed hands.
The services sector saw a 2.59% increase as Abu Dhabi Hotels soared 5.97%, to be the top gainer.
The energy sector gained 2.19% after ADNOC Distribution and Dana Gas were up by 3.21% and 2.68%, respectively.
The telecommunications sector and its only stock, Etisalat, rose 0.60%.
The banks sector rose by 0.57% after First Abu Dhabi Bank (FAB) gained 0.68%.
Meanwhile, the real estate sector fell 0.04% after Eshraq Properties dipped 0.32%.
Etisalat generated the highest traded value with AED 29.94 million, while Aldar Properties was the most active in terms of traded volume after 5.090 million shares were exchanged.
The ADX is continuing to move in a sideways-to-slight hike trend, as well as see a modest drop in liquidity, director general of Al Ansari Financial Services Eyad Al Bariqi told Mubasher.
Barriqi added that the weekly sessions had witnessed an increase in the selective buying on the market’s blue chips, affirming that the financial results of the third quarter of 2018 are expected to improve the market’s performance, he added.