Abu Dhabi - Mubasher: The main index of the Abu Dhabi Securities Echange (ADX) declined this week on the fall of banks and real estate sectors, as a drop in liquidity dominated all of the market sectors.
The Abu Dhabi General Index (ADI) lost 2.10% or 97.09 points, and closed the week at 4,518.14 points.
The market capital went down by AED 6.46 billion ($1.76 billion), closing at AED 468.59 billion ($127.55 billion).
Meanwhile, traded values decreased to AED 790.44 million compared to AED 1.18 billion last week, with a total traded volumes of 495.37 million shares.
The banks sector fell 3.72% on the back of Abu Dhabi Islamic Bank (ADIB) and National Bank of Abu Dhabi (NBAD), which dropped 7.61% and 5.33% respectively.
Real estate shed 2.58%, as RAK Properties, Aldar, and Eshraq fell 6.15%, 2.63%, and 0.85% respectively.
The consumer staples index declined by 1.2% as International Fish Farming Holding (Asmak) and Agthia Group lost 7.94% and 0.64% respectively.
The investment sector also plumped 1.82% as Waha Capital decreased by the same percentage.
On the other hand, the telecom sector added 0.55%, on the back of the gains of Etisalat.
