Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a negative performance in the week ended 19 May, hitting the lowest level in four months since 22 January.
The benchmark index of ADX dropped 3.46% or 151.87 points to reach 4,235.38 points by the end of this week.
The market’s liquidity decreased to AED 678.95 million from AED 860.925 million, as trading volume shrank to 373.884 million shares from 671.934 million a week ago.
ADX’s energy sector fell by 1.85%, dragged by Taqa and Dana Gas which lost 1.85% each.
The telecom sector retreated by 3.56%, as Etisalat stock fell by 3.56%.
Banks sector lost 3.89% over the week, as First Gulf Bank levelled down by 6.4%.
