ADX loses 0.45% amid lower liquidity Thursday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 0.45% or 20.01 points to close at 4,465.15 points on Thursday, pressured by some leading stocks.

The real estate sector went down 0.9% after Aldar Properties sank 1.27%, while the telecommunications sector and its only stock Etisalat both levelled down 0.84%.

The banks sector fell 0.34%, after United Arab Bank (UAB), First Abu Dhabi Bank (FAB), Abu Dhabi Islamic Bank (ADIB), and Union National Bank (UNB) tumbled 0.51%, 0.48%, 0.27%, and 0.24%, respectively.

The ADX’s trading volume increased to 44.38 million shares versus 38.8 million shares on Wednesday, while the market’s liquidity nearly halved to AED 98 million through 623 transactions, compared to AED 190.5 million in the previous session. 

Aldar Properties was the most-actively traded stock in terms of volume, with 5.25 million shares, while FAB acquired the largest portion of the ADX’s turnover, generating AED 16.9 million through 96 transactions.

MUBASHER Contribution Time: 02-Nov-2017 11:21 (GMT)
MUBASHER Last Update Time: 02-Nov-2017 11:33 (GMT)