Abu Dhabi - Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Tuesday’s trading session in red on the back of the energy and telecom sectors, amidst high liquidity levels.
Abu Dhabi General Index (ADI) declined to its lowest level in 20 sessions, losing 0.92% or 42.06 points and closing at the level of 4,548.82, after offsetting some of its losses saw in early trade this morning.
Traded volumes increased compared to yesterday’s session, as 124.852 million shares were traded compared to 82.415 million shares on Monday, with a total turnover of AED 227.96 million up from AED 136.077 million.
The real estate sector grew 0.57%, which helped offset some of the morning losses, as Eshraq Properties increased by 8.26%, and was the most active in trade with 60.66 million shares and a traded value that totaled AED 68.88 million.
Similarly, the insurance sector went up by 0.17% on the back of Abu Dhabi Insurance, which gained 4.17%.
Technical analyst, Mohamed Sonbol, told Mubasher that the indices of ADX and the Dubai Financial Market (DFM) can maintain the high levels of 3750 and 4750 points.
On the other hand, the energy sector lost 2.87%, as Dana Gas declined by 3.57%, while the telecom sector fell by 1.92% on the back of Etisala.
The banks sector slipped 0.86%, as ADIB and FGB shed 0.78% and 0.77 respectively.
