Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) declined in Tuesday’s early trades, weighed by selling pressures on real estate and banks stocks.
The general index retreated 0.5% or 22.5 points to reach 4,063.07 points by 10:45am UAE time.
Analysts said earlier today UAE markets would continue their downward trend amid absence of catalysts, investors’ caution and lower oil prices.
The real estate sector fell 1.61%, pressured by Aldar Properties which slid 1.4% to AED 2.12.
The energy sector also levelled down 1.60% as Dana Gas decreased 1.9% to AED 0.5.
The banks sector declined 0.9% as First Gulf Bank went down 0.8%.
On the flipside, the investment and telecom sectors added 0.9% and 0.3%, respectively.
The market saw trading of 13.19 million shares through 173 transactions, with turnover of AED 12.8 million.
