Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) continued its bearish performance for the fifth session in row on Sunday amid a wave of declines that hit most Gulf markets following the lifting of US and EU sanctions on Iran.
The general index closed at 3,787.40 points, losing 4.24% or 167.70 points; the lowest level since 13 November 2013.
Trading volume reached 106.58 million shares on Sunday, compared to 750.6 million on Thursday. Turnover stood at AED 188.26 million ($51.25 million), compared to AD 172.72 million ($47.02 million)
Market capitalization amounted to AED 35.7 billion ($9.72 billion), compared to AED 371.50 ($101.13 billion).
The energy sector retreated 7.65% as Dana Gas and TAQA decreased 8.51% and 4.35%, respectively.
The real estate sector slid 7.03% as Aldar Properties and Eshraq Properties levelled down 7% and 6.38% in a row.
The banks sector went down 5.27% after First Gulf Bank and Abu Dhabi Commercial Bank declined 4.33% and 4.11%, respectively.
Invest Bank was top gainer after adding 14.56%.
The telecom sector sank 2.47% after Etisalat declined 2.47%. The telecom operator’s stock was the most active company after generating AED 48.3 million.
On the flipside, the industrial sector rose 0.79% after Arkan Building Materials and Ras Al Khaimah Cement increased 13.7% and 5.88%, respectively.
