Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) was in the red in Sunday’s early trades, weighed down by a decline of several sectors led by consumer staples and energy.
The general index lost 0.73% or 33.16 points to 4,513.68 points by 11:15am UAE time, while turnover reached AED 36.6 million after 22.13 million shares were exchanged through 340 transactions.
Analysts told Mubasher earlier that UAE markets were likely to see profit-taking on Sunday.
Sector-wise, consumer staples led fallers, sliding 2.2%, followed by the energy, real estate and banking sectors, which dropped 1.3%, 1.05% and 0.9%, respectively.
Sudatel topped losing stocks, falling 6.7% after the company’s shareholders approved a cash and bonus share dividend. Agthia and Abu Dhabi Commercial Bank (ADCB) also retreated 2.6% and 2.42%, respectively.
Dana Gas shed 1.75% after its shareholder meeting.
