Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) fell from the early highs it witnessed on Monday morning, ignoring better results of the banks and real estate sectors.
The general index fell 0.53% or 22.15 points to reach 4,133.56 points by 12:00pm UAE time.
The market saw trading of 76.030 million shares through 853 transactions, with turnover of AED 78.5 million.
The consumer staples sector declined 2.13% as Agthia Group fell 2.47%.
The banks sector retreated 1.33% after First Gulf Bank, Abu Dhabi Islamic Bank and Abu Dhabi Commercial Bank slid 2.81%, 0.56% and 0.51%, respectively.
On the other hand, the energy sector added 1.29% due to TAQA’s rise of 6.98%.
The telecom sector advanced 0.64%, backed by Etisalat which managed to be the value leader with AED 27 million turnover.
The performance of UAE stock markets is still seeing fluctuating amid a state of anxiety that is controlling investors, said Mahmoud Abou Zeid, financial analyst at Nama Economic Consulting.
