ADX opens weaker on real estate, banks

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) opened in red on Monday, weighed by the losses of real estate and banks sectors.

The main gauge fell 0.10% or 4.15 points to reach 4,242.37 points by 10:50am UAE time.

The industrial sector retreated 0.88% due to a 3.8% decline in Gulf Pharmaceutical Industries to AED 2.5.

The real estate sector decreased 0.29% after RAK Properties and Eshraq Properties slid 1.9% and 1.7% in a row.

The banks sector levelled down 0.23% as Abu Dhabi Islamic Bank lost 1.8%.

The telecom sector was the only riser after gaining 0.63%, backed by Etisalat which increased 0.63%.

Turnover reached AED 31.14 million after 17.14 million shares were traded through 236 transactions.

Mubasher Contribution Time: 28-Dec-2015 07:18 (GMT)