Abu Dhabi – Mubasher: Abu Dhabi Securities Exchange (ADX) kicked off the week’s trading in red, led down by a fall in the shares of Union National Bank (UNB).
The benchmark index slightly plummeted by 0.09% or 3.7 points to the level of 4,256.36 points.
Analysts suggest that United Arab Emirates stock markets need to continue in green to restore traders’ trust and attract and reluctant liquidity.
The banking sector came alone in the red list with a drop of 0.48%, as it was affected by the a 10% fall in UNB share, while First Gulf Bank remained unchanged.
Meanwhile, the energy sector topped the risers after surging by 3.92%, supported by a 4.88% rise in Dana Gas share.
The real estate sector leapt by 0.61%, as Aldar Properties rose by 0.43%, while Eshraq Properties stayed flat.
The telecom sector was the least in the green list with a 0.31% increase, as Etisalat share moved AED 16.15 up.
Trading volume reached 17.5 million shares exchanged in 266 trades, making a trading value of AED 23.7 million.
ADX’s index closed Thursday with the best performance for 10 weeks, driven by a rise in the energy and banking sectors.
