By: Bedour Al Raee
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index inched down 4.27 points, or 0.09%, to close at 4,689.2 points on Tuesday, dragged down by blue chips.
The energy sector lost 1.18% after TAQA declined 2.84%, while Dana Gas went down 1.09%.
The real estate sector decreased by 0.92% after Eshraq Properties and Aldar Properties sank 1.39% and 0.96%, respectively.
The ADX’s trading volume shrank to 58.34 million shares from 95.32 million on Monday, while the market’s liquidity dropped to AED 97.13 million versus AED 193.51 million in the previous session.
The banks sector edged down 0.04%, as Abu Dhabi Islamic Bank (ADIB) fell 0.77% and Abu Dhabi Commercial Bank (ADCB) declined 0.7%.
The capital market is still fluctuating as investors waiting for the first quarter’s disclosures, some of which were already released and showed a growth in net profits, a positive sign that can boost the market and attract investments, vice president of Investment Research at KAMCO Raed Diab said.
Translated by: Muhammad Khalid
