By: Mahmoud Gamal
Abu Dhabi - Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Wednesday’s trading in the red zone for the fourth consecutive session, losing 0.52% or 23.41 points, and closing at the level of 4,471.01 points.
The instability in oil prices, and the investors’ tendency to gain profits from blue chips are the main reasons behind the continuous indices decline, financial analyst Gamal Abdelhamid told Mubasher.
The real estate sector led the decliners with 1.18%, as Eshraq and Aldar dropped 3.6% and 1.08% respectively.
Similarly, the banks sector lost 0.75%, as NBAD and FGB declined 1.94%, and 0.85% respectively.
Meanwhile, the telecom sector decreased 0.25%, as Etisalat slipped the same percentage.
On the other hand, the energy sector led the session’s gainers, and added 2.2%, on the back of Dana Gas which rose 1.8%.
Total traded volume decreased to 87.97 million shares from 134.9 million in the last session, while total turnover increased to AED 212.27 million, compared to AED 175.16 million on Tuesday.
Translated by: Moslem Ali
