The Abu Dhabi Securities Exchange (ADX) general index rose0.42 per cent yesturdday on gains in banking, health cae, energy, real estate and consumer stocks.
The index closed at 2,753.94 with the volum of transactions rising compared to sunday.
The market today saw a rally in banking stocks as investors think some of the listed bank stocks are undervalued. The Market looks like forming a bottom, long-erm, an analyst said.
Around 46.04 million shares worth about Dh. 94.52 million were traded. Of the 33 companies traded, as many as 15 rose, 10 fell and 8 closed unchanged at dh. 2.33 with 10.69 million shares worth about Dh. 24.79 million traded.
Oman & Emirates inv. Holding was the top gainer, rising 10 persent to Dh.066. The loser was Invest Bank, which fell 9.50 per cent to Dh1.62 Aldar was the most traded in terms of value, while Dana gas was the most traded by volume.
The market is expected to be range-bound in the days ahead. Tthey say the overall outlok for the market in the near-term is positive on gthe back of high international oil prices and on the view that most of the market-listed companies will return to profitability this year.
No comments:
Post a Comment