ADX opens in red as heavyweights weigh

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) opened in the red on Tuesday, driven down by the blue-chip stocks.

The general index declined 0.44% to reach 4,084.90 points by 11:00am UAE time.

The market saw trading of 122.23 million shares through 664 transactions, generating AED 100.63 million.

At open, sectors were collectively down, led by investment that decreased 8.7% as Waha Capital levelled down 2.9%.

The energy sector retreated 1.7% as Dana Gas slumped 2.08%.

The banks sector went down 0.7% due to a 1.3% decrease in First Gulf Bank.

The real estate sector also slid 0.6% after Aldar Properties slipped 1.3%.

Lastly, the telecom sector moved 0.3% lower as Etisalat went down 0.3%.

MUBASHER Contribution Time: 09-Feb-2016 07:00 (GMT)