By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 11.97 points, or 0.25%, to close at 4,832.22 points on Sunday.
The ADX’s trading volume reached 21.32 million shares, while the market’s liquidity amounted to AED 76.78 million.
The market is suffering from a shortage of liquidity and an atmosphere filled with anticipation, as investors wait for listed companies’ disclosures for the first six months of 2018, Technical analyst Gamal Abdul Hamid told Mubasher.
Due to this anticipation and the decline in liquidity typical to the summer, investors resort to cautious trading and selective purchases, Abdul Hamid added.
The consumer staples sector went down 0.42%, as Agthia sank 0.61%, while the energy sector fell 0.3% after Dana Gas levelled down 1.8%.
The telecommunication sector and its only stock, Etisalat, decreased by 0.29% each.
Dana Gas topped the ADX in terms of volume, with 7.22 million traded shares, whereas First Abu Dhabi Bank (FAB) led the market on the basis of liquidity, with a turnover of AED 27 million.
Translated by: Muhammad Khalid
