Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a downward trend in Monday’s early trades, dragged by a decline in the real estate and banks sectors.
The general index declined 0.78% or 34.68 points to reach 4,427.32 points by 11:30am UAE time.
The UAE markets’ main indexes are expected to see resistance levels through the rest of the week, analysts told Mubasher.
The real estate sector levelled down 1.3%, pressured by Aldar Properties which fell 0.78%, in addition to the losses of RAK Properties.
The banks sector declined 1.17% as First Gulf Bank (FGB) and Abu Dhabi Commercial Bank (ADCB) retreated 1.8% and 1.5% in a row.
The energy sector slid 0.75% as Dana Gas led losers with a 1.9% decrease.
On the flipside, the industrial sector was the only gainer after adding 0.3%, backed by Gulf Pharmaceutical Industries which increased 1.3%.
Turnover reached AED 55.17 million after trading 32.6 million shares through 562 transactions.
