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Abu Dhabi / WAM
Abu Dhabi Securities Exchange, ADX, has climbed 0.12 percent in September to reach 4476 and
become the second growing index in the GCC after Bahrain.
The retail sector gained 6.15 percent, followed by telecommunications, 1.27 percent and the banking sector 0.67 percent.
The services sector has
declined by 7.94 percent, and the industry sector by 4.77 percent. The energy sector has also declined by 3.84 percent; real-estate by 2.55 percent; investment and financial services by 1.17 percentand insurance sector by 0.12 percent.
The market value of ADX
increased by 0.45 percent to reach AED442.54 billion compared to 440.58 in August 2016. Volume reached AED2.5 billion compared to AED3.2 billion in August, while around 1.226 billion shares were exchanged compared with 1.422 billion in August and total deals reached 20140 compared with 25405 in August. The daily volume in September reached AED146 million and increased by 4.9 percent, compared to AED139 million in August. September had 17 days of trading compared to 23 days in August, while 49 companies were active in the index.
The First Gulf Bank shares were the most active, with deals reaching AED407 million and 16.7 percent of the total ADX deals, followed by Al-Dar shares, Al-Sharq, Etisalat, and Abu Dhabi Commercial.