ADX falls to 3M low as blue chips weigh Sunday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Sunday’s trading session in the red, its fourth straight decline, after most of its sectors ended down.

The general index lost 0.47% or 20.87 points and closed at 4,436.43 points, its lowest level in three months or since 6 December 2016.

The real estate sector led losers on the market, falling 1.1% after Aldar and Eshraq dropped 1.27% and 0.87%, respectively.

The telecom sector and its stock Etisalat shed 0.56% each.

Similarly, the banks sector decreased 0.4% after Abu Dhabi Islamic Bank (ADIB), First Gulf Bank (FGB), and the National Bank of Abu Dhabi (NBAD) retreated 1.27%, 0.79%, and 0.49%, respectively.

On the other hand, the investment sector led risers, adding 1.3% backed by Waha Capital’s 1.4% gain.

Turnover declined to AED 99.75 million on Sunday, from Thursday’s AED 162.89 million, while traded volume fell to 55.02 million shares traded from 88.68 million in the previous session.

Eshraq’s stock was the top performer on the ADX Sunday, with 20.19 million shares traded at a turnover of AED 23.123 million.

Mubasher Contribution Time: 12-Mar-2017 11:37 (GMT)
Mubasher Last Update Time: 12-Mar-2017 11:40 (GMT)