Abu Dhabi – Mubasher: The benchmark index of the Abu Dhabi Securities Exchange (ADX) ended Tuesday’s session falling by 0.26% or 10.93 points to the level of 4,218.72 points.
Trading volume decreased to 279.389 million shares from 287.915 million shares exchanged on Monday, turnover also declined to AED 383.443 million from AED 423.788 million.
Capital market analyst, Raed Diab, told Mubasher that today’s performance was mixed as investors are selecting some stocks with continued profit taking after the denial of bank mergers news.
The real estate sector fell 3.12% as Eshraq and Aldar slid 7.5% and 2.36% respectively.
Eshraq made the highest trading activity with a volume of 176.789 million shares exchanged at AED 200.720 million.
The banks sector also dropped 0.3%, due to a fall of 1.96% in Abu Dhabi Islamic Bank and 1.71% in First Gulf Bank.
On the other hand, the energy sector rose 5.25%, backed by an increase of 5.56% and 4% in Dana Gas and Taqa respectively.
The telecom sector levelled up 0.57%, supported by Etisalat.
