By: Bedour Alraei
Abu Dhabi – Mubasher: The main index of the Abu Dhabi Securities Exchange (ADX) fell at Monday’s close by 0.38% or 17.26 points to the level of 4,479.27 points.
Trading volume reached 77.18 million shares exchanged at AED 160.4 million, compared to 45.73 million shares exchanged on Sunday at AED 56.26 million.
The energy sector dropped 1.83% as Taqa and Dana Gas declined 1.89% and 1.82% respectively.
The telecom sector also retreated 1.62% as Etisalat fell by the same percentage; the real estate sector slid 0.86% due to a decrease of 1.86% in Eshraq and 0.75% in Aldar.
Meanwhile, the banks sector rose alone by 0.43%, backed by an increase of 0.79% in First Gulf Bank, which made the highest turnover of AED 62.64 million.
Market analyst Mohamed Al-Azmi told Mubasher that today’s turnover reflects the absence of the institutional investor and the control of some individual portfolio on purchases in the UAE bourses, expecting the stock markets to rebound by the end of the year.
Translated by: Elwy el-Manzalawy
