Abu Dhabi-Mubasher: Abu Dhabi Securities Excahnge (ADX) continued its downward trend in Sunday’s mid-session, weighed by the declined of the real estate, banks and telecom sectors.
The general index reached 4,000 points after declining 2.11% or 86.26 points; the lowest level in a year.
The market saw trading of 33 million shares through 785 transactions, with turnover of AED 64.5 million.
The real estate sector led decliners after losing 3.10% as Aldar Properties and Eshraq Properties also slid 3.10% and 2.17% in a row.
Speculations still control the UAE markets amid the absence to real catalysts in the current period, reflecting negatively on the liquidity, analysts earlier told Mubasher.
The banks sector decreased 2.25% as Abu Dhabi Islamic Banks, First Gulf Bank and Abu Dhabi Commercial Bank went down 2.96%, 2.61% and 2.11% in a row.
The telecom sector slid 2.18% as Etisalat retreated 2.18%.
