ADX down at open as FGB, Etisalat weigh

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a downward trend in Tuesday’s early trades, dragged by First Gulf Bank (FGB) and Etisalat.

The general index fell 0.55% or 24.9 points to reach 4,541.49 points by 10:25am UAE time.

Turnover reached AED 61.3 million after trading 79.44 million shares through 453 transactions.

Etisalat and FGB decreased 1.9% and 0.3% in a row. Meanwhile, Aldar Properties rose 0.4%.

The UAE equities are likely to continue their winning streak on Tuesday amid oil price recovery, analysts earlier told Mubasher.

Mubasher Contribution Time: 08-Mar-2016 06:45 (GMT)