ADX drops 44 pts Thursday on banks

Abu Dhabi– Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 0.89% or 44.03 points to close at 4882.26 points on Thursday, pressured by the banks sector.

By the end of the last session of this week, a total of 39.13 million shares were exchanged through 1,139 transactions, with a total value of AED 158.742 million.

The banks sector plummeted 1.67% after the First Abu Dhabi Bank (FDB) was down 2.35%.

The real estate sector fell 0.36% as Aldar Properties and RAK Properties lost 0.36% and 0.33%, respectively.

On the other hand, the energy sector gained 0.78% after TAQA levelled up 5.66%.

The telecommunication sector shot up to 0.71% after Etisalat, its only share, announced the third-quarter results.

Union Insurance Co’s stock was the top loser, lagging 9.77%, while TAQA’s stock was the best-performing, jumping 5.66%.

FDB’s stock saw the ADX’s highest traded value, with AED 81.71 million, while Aldar Properties was the most active stock in terms of trading volume, with 9.9 million shares.

Mubasher Contribution Time: 25-Oct-2018 11:25 (GMT)
Mubasher Last Update Time: 25-Oct-2018 11:25 (GMT)