By Mahmoud Gamal
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) finished Wednesday’s trading session in the red territory.
The main index lost 15.5 points, or 0.35%, to close at 4,393.58 points.
Trading volume rose to 70.57 million share compared with Tuesday’s 54.72 million shares, while trading value declined today to AED 144.31 million from AED 192.46 million on Tuesday.
The real estate sector led the top losers with a slide of 1.3% on a 1.53 decline of Al Dar National Real Estate.
Likewise, the banking sector fell 0.7% as Union Nation and First Gulf banks were lower 3.7% and 0.9%, respectively.
Meanwhile, Etisalat pushed the telecom sector forward after both registered a 0.25% increase.
Market analyst Mohamed Al-K’abi attributed today’s decline to the negative outlook for the Saudi market, world markets’ downturn and the profit-taking wave in neighboring markets.
The market is expected to hit the 4,400 zone on Thursday, Al-K’abi concluded.
