ADX dips 4.36% in March’s 1st week

Abu Dhabi – Mubasher: The general index of the Abu Dhabi Securities Exchange (ADX) went down in a week, pressured by the banking and energy sectors.

The general index lost 223.43 points, or 4.35%, to 4,914.38 points during the week ended on Thursday, 7 March.

Market capitalisation reached AED 497.306 billion over the week, while trading volume recorded 250.7 million shares and liquidity hit AED 716.057 million.

The banking sector went down 6.37%, as First Abu Dhabi Bank (FAB) declined 8.55%.

The energy sector tumbled 3.99% after Dana Gas levelled down 3.46% and Adnoc Distribution lost 9.38%.

The telecommunication sector and its only stock, Etisalat, retreated 0.47% each.

On the other end of the spectrum, the real estate sector gained 0.35%, as Aldar Properties rose 0.56%.

Mubasher Contribution Time: 07-Mar-2019 13:19 (GMT)
Mubasher Last Update Time: 07-Mar-2019 13:26 (GMT)