ADX hits lowest level amid liquidity rise

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a downward trend on Sunday, pressured by a collective decline in real estate, banks, telecom and energy sectors.

The general index fell 2.47% or 103.58 points to reach 4,096.58 points; the lowest level since December 2014.

Turnover rose to AED 241.745 million ($66 million) on Sunday, compared to AED 227.51 million ($62 million) on Thursday. Likewise, trading volume grew to 115.6 million shares from 77.5 million shares.

The energy sector was the worst performer after losing 8.95% as Dana Gas and TAQA which decreased 9.30%.

The real estate sector lost 6.84% as Eshraq Properties declined 6.67%.

The banks sector decreased 2.43% as Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, First Gulf Bank levelled dowm 5.71%, 3.28% and 2.46%, respectively.

Etisalat was the value leader after generating AED 77.034 million.

The telecom sector slid 1.62%, weighed by Etisalat yet it was the value leader after generating AED 77.034 million.

MUBASHER Contribution Time: 15-Nov-2015 10:35 (GMT)