Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) logged its worst single-day losses in 38 sessions, weighed by First Gulf Bank (FGB) which saw changes in its price limits in line with its 2015 cash dividends.
The general index closed at 4,403.43 points after losing 2.11% or 95.14 points, the biggest losses since 20 October.
The banks sector declined 5.16% after First Gulf Bank (FGB) lost 9.77%.
ADX is expected to resume bearish performance on Tuesday, analysts earlier told Mubasher.
The energy sector slid 3.06% after Dana Gas retreated 3.77%.
The real estate sector declined 0.24%, weighed by Eshraq Properties which slid 1.33%.
On the flipside, the telecom sector increased 3.01% after Etisalat rose 3.01%.
Trading volume reached 174.89 million shares on Tuesday, compared to 223.330 million shares on Monday.
Turnover shrank to AED354.91 million from AED 480.159 million.
