Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a negative performance on Wednesday, weighed down by selling pressures on blue chips in the energy and banks sectors.
The general index fell 0.29% or 12.61 points to 4,375.35 points.
The market declined after portfolio investors exited blue chips despite their stability above good price levels, capital market analyst Mahmoud Diab told Mubasher.
The market’s successive falls came after the main index touched its support at 4,380-4,400 points, Diab added.
The energy sector led losers with a 2.25% decline as Dana Gas and TAQA went down 2.3% and 2.2%, respectively.
The real estate sector sank 0.88% as Aldar Properties levelled down 0.87%.The telecom sector also tumbled 0.57% after Etisalat slid 0.57%.
The industrial sector topped gainers with a 0.54% rise as RAK Ceramics added 3.5%.
The market will see a volatile performance in the coming period, amid anticipations of more financials, Diab explained.
The main index is currently seeing support at 4,420-4,390 points, Diab added.
