Abu Dhabi – Mubasher: The general index of the Abu Dhabi Securities Exchange (ADX) closed Thursday’s trading session in the red territory amid rising concerns of the new coronavirus (COVID-19) outbreak.
The ADX’s general index declined by 7.4%, ending the session at 3,922.18 points.
The market’s trading volume amounted to 193.51 million shares exchanged at a turnover of AED 316.88 million through 2,447 transactions.
The market cap value dropped by AED 31.75 billion to AED 420.45 billion on Thursday from AED 452.20 billion in the previous session.
Abu Dhabi National Hotels headed the decliners with 10%, while Ras Al Khaimah Cement topped the risers and grew by 14.17%.
Aldar Properties, down 9.78%, was the most active after 48.81 million shares were traded at a turnover of AED 81.12 million.
Meanwhile, the blue-chip stocks of Dana Gas, Abu Dhabi Commercial Bank, Emirates Telecommunications Group (Etisalat), Abu Dhabi Islamic Bank, First Abu Dhabi Bank, and Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) fell by 9.73%, 9.09%, 8.84%, 8.79%, 8.09%, 6.25%, respectively.
