Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) hit the lowest level in four months on Monday, weighed down by the fall of real estate, banks and telecom stocks.
The main index saw the highest losses in five months after falling 1.79% or 79.95 points to close at 4,396.37 points, its lowest level since mid-June.
Trading volume reached 115.47 million shares on Monday, compared to 206.25 million shares last Thursday. Turnover stood at AED 192.46 million, compared to AED 371.69 million.
The real estate sector fell 3.75% after Aldar Properties, RAK Properties and Eshraq Properties tumbled 4.12%, 3.33% and 1.20% respectively.
The banks sector retreated 1.9% due to a decline in First Gulf Bank (FGB), Abu Dhabi Commercial Bank (ADCB) and National Bank of Abu Dhabi (NBAD) by 2.54%, 2.02% and 1.63% respectively. The telecom sector also levelled down 1% as Etisalat sank 1%.
The energy sector was the only gainer after adding 1.56% as TAQA went up 7.41%. Eshraq Properties was the value leader after generating AED 51.30 million.
