ADX Edges Up 0.32% Backed by Real Estate Developers

By Yomna Yasser On Apr 18, 2012

The Abu Dhabi Securities Exchange (ADX) General Index consolidated above 2,500 points Wednesday, closing at 2,513.

Real estate firms Eshraq (up over six percent) Aldar (1.80% higher) and Sorouh (gaining 0.90%) helped the gauge to add value.

Banks also gained overall, while First Gulf Bank (down 0.21%) and Abu Dhabi Islami Bank (off 1.86%) failed to follow.

Fourteen stock advanced, while seven declined and nine ended flat. Some 45m shares were traded, valued at Dhs 66 million ($17.93 million), AMEinfo reported.