Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) opened in the red on Tuesday, pressured by the real estate and telecom sectors.
The general index fell 1.6% or 70.89 points to reach 4,138.80 points by 10:45am UAE time.
The market saw trading of 27.68 million shares through 406 transactions, with turnover of AED 40.01 million.
UAE markets’ downward trend is expected to continue in the coming period, analysts earlier told Mubasher.
The consumer staples sector retreated 4.22% as Agthia Group went down 4.88% to AED 7.4.
The energy sector fell 3.5% after Dana Gas slumped 4.4% to AED 0.43.
The banks sector decreased 2.19% as Abu Dhabi Islamic Bank slid 7.25% to reach AED 3.7.
The real estate sector widened the market’s losses after declining 1.6%, dragged by Eshraq Properties which levelled down 4.08% to AED 0.47.
