ADX inches down in early trades

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a downward trend on Thursday, weighed by the losses of real estate and banks sectors.

The general index declined 0.04% or 1.86 points to reach 4,274.28 points by 10:45am UAE time.

The UAE markets are likely to continue their volatile trend, while leading stocks are expected to reach attractive price levels, analysts told Mubasher.

The real estate sector retreated 0.6% as Aldar Properties levelled down 0.4% to AED 2.27.

The banks sector decreased 0.28% due to a drop in First Gulf Bank and National Bank of Abu Dhabi (NBAD) by 0.63% and 0.4%, respectively.

On the flipside, the telecom and insurance sectors which rose 0.63% and 0.15% in a row.

The market saw trading of 19.85 million shares through 194 transactions, with turnover of AED 17.4 million.  

Mubasher Contribution Time: 31-Dec-2015 06:51 (GMT)