By: Bedour Alraei
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) reversed the negative performance it had maintained for two sessions and closed in the green on Sunday, weighed down by the fall of real estate and telecom sectors.
The general index fell 0.68% or 31.24 points to reach 4,565.15 points.
Trading volume reached 80.74 million shares on Sunday, compared to 115.87 million shares last Thursday. Turnover amounted to AED 157.11 million, compared to AED 239.131 million.
The real estate sector sank 1.97% as Aldar Properties retreated 2.5%. On the other hand, Eshraq Properties levelled down 0.85%.
The telecom sector fell 0.85% after Etisalat decreased 0.85%.
The banks sector slid 0.5% due to a decline in the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), which tumbled 2.34% and 0.36%, respectively.
Sunday’s sessions were calm in Dubai and Abu Dhabi’s bourses, in line with a slight decline and lower liquidity, Eyad Al Bariqi, general manager of Al Ansari Financial Services, said.
Abu Dhabi’s bourse still has attractive stocks at reasonable prices and low price-earnings (P/E) ratios, Al Bariqi added.
Translated by: Julian Nabil
