Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed the week ended 1 June in the red, registering its fourth straight weekly decline.
The general index shed 0.84% or 38.03 points to close at 4.478.81 points.
Trading activity increased this week, as turnover amounted to AED 830.663 million after 512.226 million shares changed hands against AED 499.805 million and a volume of 290.302 million shares last week.
The banks sector fell 2.01% after Abu Dhabi First Bank retreated 3.17%, while the real estate sector slipped 0.31% on the back of Aldar’s 0.88% decline, whereas Eshraq gained 0.95% during the week.
On the other hand, the energy sector jumped 6.29% after Dana Gas surged 7.32% and Abu Dhabi National Energy Co. (TAQA) increased 3.51%. Moreover, the consumer staples sector added 2.86%.
The telecom sector and its stock Etisalat both gained 0.29% this week.
Market capitalisation was down by AED 2.22 billion ($604 million) to close Thursday at AED 432.185 billion ($117.64 billion) compared to the previous week’s closing of AED 434.41 billion ($118.243 billion).
