UAE – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended the third week of March in the red zone, due to the negative impact of the coronavirus (COVID-19) global pandemic.
The general index (ADI) lost 6.22% or 244.76% and closed at 3,685.56 points, on the back of losses by major market sectors.
The banks' sector index dropped by 10.75%, followed by energy with 10.26%, and real estate with 4.95%.
Market losses totalled AED 16.99 billion, as market capitalization ended the week at the level of AED 403.46 billion, down from AED 420.45 billion in the week before.
FAB led the declining stocks and fell by 31.11%, while Dana Gas and ADCB went down by 20.31% and 19.27%, respectively.
Aldar and Etisalat topped the losing blue chips stocks and decreased by 15.76% and 11.08%, respectively. ADNOC Distribution and TAQA recorded weekly losses of 9.72% and 3.67%, respectively.
