Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 0.74% or 36.63 points to close at 4,931.14 on Sunday, pressured by the global stocks’ sharp drops last week.
The ADX’s market capitalisation lost AED 3.17 billion to AED 489.488 billion.
The energy sector fell 1.78% after ADNOC Distribution and TAQA dropped 3.48% and 2.65%, respectively.
The banks sector plunged 0.41% after the First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) fell 0.96% and 1.90%, respectively.
The real estate sector shed 0.93% after Aldar Properties dipped 0.59%, whereas Eshraq Properties gained 1.40%
Meanwhile, the consumer staples grew 2.2% after Agthia gained 3.90%
Trading volume reached 21.18 million shares on Sunday, exchanged at a value of AED 75.73 million through 607 transactions.
Aldar Properties led the ADX in terms of volume with 4.35 million shares traded, while ADCB spearheaded the market in terms turnover with AED 18.13 million.
Ras Al Khaimah White Cement (RAK White Cement) was the best-performing stock on the ADX’s board, surging 13.38%, while the bourse’s top loser was Invest Bank, which retreated 10%.
Buoyed by its sole stock, Etisalat, the telecommunication rose 0.36% after the company’s board of directors gave the green light to lift the restrictions on the voting rights of the foreign shareholders so that they could be on equal footing with their UAE counterparts.
