Abu Dhabi-Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Tuesday in the red, despite a rise in trading activity and momentum on Aldar Properties’ stock.
The general index fell 0.37% or 17.06 points to reach 4,542.84 points.
The market saw trading of 80.836 million shares on Tuesday, compared to 67.98 million shares on Monday. Turnover reached AED 204.883 million, compared to AED 180.522 million in the previous session.
The market shrugged off gains by the real estate sector, which topped risers, adding1.93%, spurred by Aldar, Manazel Real Estate and Eshraq Properties which advanced 2.13%, 1.89% and 1.37% respectively.
On the flipside, the banks sector widened the market’s losses after falling 0.63%, weighed down by First Gulf Bank (FGB), Abu Dhabi Commercial Bank (ADCB) and National Bank of Abu Dhabi (NBAD) which retreated 0.83%, 0.71% and 0.52% respectively.
The telecom sector also slid 0.5% as saw a similar Etisalat decrease.
