Abu Dhabi – Mubasher: Abu Dhabi Securities Exchange slipped this week due to the decline of banks and telecom stocks, amid lackluster liquidity.
The main index fell by as much as 0.88% or 38.72 points to close at 4,351.70 points.
The telecom sector slipped by 1.89% due to Etisalat.
The banks sector fell by 0.73% dragged lower by FGB and ADIB that lost 0.85% and 0.77% respectively.
The weekly traded volume rose to 526.22 million shares, from 455.95 million shares, while traded value declined to AED 723.08 million from AED 873.85 million.
The energy sector rose by 4.30% backed by TAQA and Dana Gas that advanced by 6.12% and 3.85% in a row.
The real estate sector added 0.57% powered by Aldar that ended 0.36% higher.
Market capitalisation shed AED 3.97 billion to reach AED 425.22 billion, compared with AED 429.19 billion last week.
Translated by Sayed Abdel Rahman
