By: Mahmoud Gamal
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a negative performance for the second session in a row on Monday, weighed down by the fall of energy, real estate and banks sectors.
The general index sank 0.46% or 21.3 points to reach 4,653.48 points.
Trading volume reached 207.36 million shares on Monday, compared to 330.74 million shares on Sunday. Turnover amounted to AED 310.170 million, compared to AED 436.07 million.
Trading activity was weak yet it backed the market’s performance, technical analyst Amir Mansour told Mubasher.
Asmak, which added 1.6%, was the value leader after generating AED 65.05 million from the exchange of 14.33 million shares.
Asmak is among strong stocks which will continue its uptrend following successive rises in the past sessions, financial advisor Hisham Fahmawi said.
Sudan Telecommunication (Sudatel) was the best performer after adding 14.9%, trading 26.35 million shares worth AED 19.05 million.
The energy sector fell 1.79% as TAQA and Dana Gas levelled down 2% and 1.75% respectively.
The banks sector slid 0.41% after National Bank of Abu Dhabi (NBAD) and Abu Dhabi Islamic Bank (ADIB) lost 2.83% and 0.78% respectively.
The telecom sector tumbled 0.27% after Etisalat went down 0.27%.
Translated by: Julian Nabil
