Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Wednesday in the red, dragged lower by its leading stocks, and marking its sharpest daily drop in six sessions.
The general index retreated 1.59% or 79 points to close the week and November at 4,881.04 points.
Turnover amounted to AED 236.168 million after 58.468 million shares changed hands through 1,669 transactions.
The real estate sector tumbled 2.45% after Aldar Properties and Eshraq Properties sank 2.41% and 1.67%, respectively.
The bank sector decreased 2.28%, weighed by First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB), which lost 2.64% and 2.19%, respectively. In addition, the telecom sector and its sole stock Etisalat shed 0.47% each.
On the other hand, the energy sector closed Wednesday in the green, backed by TAQA’s 10.53% surge.
FAB was the most active in terms of turnover with AED 132.132 million, whereas Eshraq Properties was the most active in terms of volume with 13.4 million shares exchanged.
