By: Bedour Elraee
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index went down on Sunday, registering its fourth successive decline, on the back of energy and telecommunications sectors.
The general index lost 0.54%, or 23.63 points, to 4,325.52 points.
The profit-taking transactions led the decline trend on the ADX, capital market analyst Muhammad Saeed told Mubasher.
The ADX’s trading volume decreased to 22 million shares on Sunday from 55.14 million shares on Thursday, while the market’s liquidity dropped to almost a quarter of its level to AED 26.68 million, compared to AED 82.31 million in the previous session.
The market saw weak trading on Sunday, amid unclear situation and lack of incentives, Saeed continued.
The telecommunications sector and its only stock Etisalat dropped 2.03% each.
The energy sector went down 0.94% after TAQA and Dana Gas sank 1.79% and 1.45%, respectively.
The real estate sector also shed 0.14%, weighed down by Eshraq Properties, which tumbled 1.4%.
Etisalat was the most actively-traded stock in terms of liquidity, with a turnover of AED 6.05 million, while Manazel Real Estate topped the market in terms of trading volume, with 5.23 million traded shares.
Translated by: Muhammad Khalid
