By: Mahmoud Gamal
Abu Dhabi – Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) declined in the last week of April by 2% or 93.22 points to the level of 4,543.53 points.
Trading volume decreased to 506.36 million shares from 886.52 million shares exchanged last week, Turnover also fell to AED 883.21 million from AED 1.6 billion.
Capital market analyst, Mohammed Al Shammari, described the decline witnessed by the market as slight, and suggested that it was trigged by sales on blue chips.
The real estate fell 2.8% as Aldar Properties declined 2.5%.
The banks sector also shrank 2.7%, affected by a 1.15% decrease in First Gulf Bank.
The energy sector plummeted 2% as Dana Gas fell 1.7%.
The investment sector slid 2.3% as Waha Capital plunged by the same percentage.
The market value slipped this week by AED 9.2 billion to AED 439.76 billion, versus AED 448.96 billion a week ago.
Translated by: Elwy el-Manzalawy
