By Bedour El Raie
Abu Dhabi – Mubasher: Abu Dhabi Securities Exchange (ADX) was down in 2015, negatively affected by the strong fluctuations in regional bourses following the tumble of oil prices.
The main index, or ADI, fell most since 2011, with a drop of 4.9% or 221.7 points to 4,307.26 points.
Market capitalisation lost AED 50 billion ($14.6 billion) to end at AED 410.64 billion, compared with AED 463 billion at end of 2014.
The full-year traded value fell to AED 59.12 billion, from AED 145.36 billion. Traded volume decreased by 53% to 27.5 billion shares from 58.5 billion shares.
The banks sector pulled back by 17% due to NBAD (-35.3%), ADIB (-27.7%) and FGB (-25%).
The real estate sector plunged by 15.4% after Eshraq and Aldar lost 30.4% and 9.02% in a row.
The energy sector declined by 11% as Taqa tumbled by 41.25% while Dana Gas rose by 2%.
In the fourth quarter, the main index lost 8.81%, while traded volume reached 12.8 billion shares exchanged at AED 27.8 billion.
The banks sector shed 17% and real estate decreased by 16.18%, while telecoms rose by 19.26 points.
In December, the main index rose by 1.67% backed by the positive performance of energy, real estate and banks sectors.
The energy sector rose by 4.15% after Dana Gas and Taqa gained 6.25% and 4.44% respectively. Meanwhile, the telecom sector shed 2.42% due to Etisalat.
The market liquidity decreased in December to AED 5.22 billion ($1.42 billion), from AED 6.65 billion ($1.8 billion) in November.
Kefah Maharma, analyst, expects the declines to continue till, at least, the start of announcing the financial results of listed companies for the full year. He also forecasted some funds and portfolios to put their money back to work in 2016.
Translated by Sayed Abdel Rahman
