Abu Dhabi – Mubasher: Abu Dhabi Securities Exchange (ADX) slipped this week, which is the first weekly decline in a month, amid a growth in traded value.
The main index, or ADI, fell by 0.47% or 21.17 points to end at 4,478.73 points.
The weekly traded value increased to AED 2.290 million, from AED 1.422 million last week. Traded volume amounted to 858.424 million shares, down from 1.085 billion shares exchanged last week.
The telecom sector took the lion's share in terms of trading activity, with 48%, powered by strong buying on Etisalat stock during Thursday's session.
Market capitalisation lost around AED 1.64 billion ($446 million) to reach AED 432.88 billion ($117.83 billion), compared with AED 434.52 billion ($118.28 billion) last week.
The banks sector slipped by 1.74% after ADCB pulled back by 0.58%. The sector shrugged off the rise of First Gulf Bank by 6.67%.
The energy sector also sagged 3.82%, while the real estate sector rose by 3.54% powered by Aldar Properties that was up by 4.25%.
