By: Mahmoud Gamal
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Wednesday’s trading session in the red zone, weighed down by the fall of real estate stocks.
The general index levelled down 0.5% or 22.56 points to reach 4,526.26 points.
The investment sector sank 3.7% after Waha Capital decreased 3.9%.
The real estate sector tumbled 1.5% as Eshraq Properties and Aldar Properties slid 3.9% and 1.17% respectively.
On the flipside, the telecom sector rose 0.56% as Etisalat grew 0.56%.
Turnover amounted to AED 226.33 million on Wednesday, compared to AED 227.96 million on Tuesday. Trading volume reached 396.26 million shares, compared to 124.85 million shares.
ADX witnessed a positive momentum, yet less than Dubai bourse due to limited speculative activity, capital market expert Al Sayed Hussein told Mubasher.
The main index will target 5,000-5,200 points if it manages to break its resistance above 4,850 points, Hussein added.
Translated by: Julian Nabil
