Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a negative performance for the second session on Wednesday, dragged down by the fall of most sectors led by the telecom and real estate.
The general index went down 0.94% or 42.52 points to reach 4,497.39 points.
Trading volume reached 121.754 million shares on Wednesday, compared to 183.44 million shares on Tuesday. Turnover stood at AED 192.88 million, compared to AED 186.45 million.
The telecom sector led losers with a 1.34% as Etisalat decreased 1.34%. The real estate sector also fell 1.06% after Eshraq Properties and Aldar Properties levelled down 2.8% and 0.73% respectively.
The banks sector sank 0.82% as First Gulf Bank (FGB) and Abu Dhabi Commercial Bank (ADCB) levelled down 1.94% and 0.57% respectively.
The energy sector also decreased 0.37% after TAQA went down 1.82%.
NBAD was the value leader after generating 58.65 million, while Manazel Real Estate was the most active stock with a trading volume of 60.10 million shares.
The market saw good trading activity despite its decline, Jamal Ajaj, director of Al Sharhan Shares Centre in Abu Dhabi, told Mubasher.
Institutional and foreign investors tended to purchase selective stocks which reached attractive price levels, Ajaj added.
