ADX Closed Higher 0.23% Backed By Etisalat Gains

The Abu Dhabi Securities Exchange (ADX) General Index closed 0.23% higher at 2,505.43 Tuesday. Market bellwether Etisalat, the UAE’s first telco firm, edged 1.27% higher.

Investors at GCC market were keen on adding telco shares after Saudi Arabia’s Mobily reported a 21% year-on-year jump in net profits. Abu Dhabi’s largest real estate developer Aldar Properties fell 0.90%.  Earlier in the day, Aldar announced it signed up for a Dhs 4 billion ($ 1.093 billion) revolving credit facility with National Bank of Abu Dhabi or NBAD.

These data have been compiled by AMEinfo.