Energy Sector shines at ADX

25/12/2013 19:21 AST

The benchmark Abu Dhabi Stock Market (ADX Index) continued its positive movement and managed another rise on 25th December 2013, adding 24.85 points or 0.60 percent for the entire day.

Market Cap Indices ended the day in the safe area, with Micro cap rising more than 3.4 percent for the day.

Five out of the nine sectors extended gains. Energy sector appeared at top as key performing sector among sectoral indices, advancing 10.4 percent to 2,024.74. Industrial and Services sectors added considerable 2.36 percent and 2.11 percent respectively.

Abu Dhabi National Energy Company, Abu Dhabi Islamic Bank and First Gulf Bank outperform rest of its peers, advancing 3.52 percent, 0.73 percent and 0.55 percent respectively amongst the heavy weights.

Market breadth was positive, whereby 18 symbols closed in green and 8 closed in red.

Abu Dhabi shipbuilding Company led the top gainers chart, surging by 14.8 percent and closing at AED 2.87.

Dana Gas Company led the chart of most active stocks by capturing 32.54 percent of the overall market volume. The company also secured second position on the chart of major gainers’.

A good amount of volume roughly 958.27 million shares was liquidated at ADX, a significant increase of 52.49 percent from the previous level.

Equity turnover reached to AED 1293.74 million, an increase of 35.23 percent over the previous day’s performance.

Union Insurance Company led the losers’ chart, pairing 8.66 percent.

Gulfbase.com