Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a bearish performance on Sunday, dragged down by the decline of blue chips especially in the energy and consumer staples sectors.
The main index levelled down 0.45% or 20.46 points to reach 4,496.38 points.
The energy sector led losers after falling 4.03%, dragged down by Dana Gas and TAQA which sank 4.88% and 1.75%, respectively.
The investment sector slid 2.10% after Waha Capital retreated 2.33%. The real estate sector decreased 1.75% as Manazel Real Estate, RAK Properties, Aldar Properties, and Eshraq Properties went down 3.85%, 3.45%, 1.77%, and 0.95%, respectively.
The banks sector declined 0.36% after National Bank of Umm Al Qaiwain (NBQ), Sharjah Islamic Bank, Union National Bank (UNB), Abu Dhabi Islamic Bank (ADIB), and Abu Dhabi Commercial Bank (ADCB) tumbled 9.06%, 3.81%, 0.83%, and 0.27%, respectively.
The industrial sector sank 0.28% as Sharjah Cement decreased 8.16%.
On the other hand, the insurance sector rose 1.19% as AXA Green Cresent Insurance PJSC (GCIC) added 15%.
Turnover amounted to AED 190.27 million on Sunday, compared to AED 142.136 million last Thursday. Trading volume reached 177.87 million shares, compared to 100.939 million shares.
Eshraq Properties was the value leader and most active stocks after generating AED 43.52 million from the exchange of 42.23 million shares.
