Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Tuesday’s trading session in red territory, while its market capitalisation lost AED 6 billion, recording AED 532.86 billion
The merger of Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) with Al Hilal Bank boosted the market’s liquidity to the highest level since January, boosting it to AED 1.51 billion.
The merger will be effective as of Wednesday, 1 May.
The general index inched down 0.16%, or 8.60 points, ending the mid-week session at 5,213.63 points.
Turnover amounted to AED 828.97 million after 83.11 million shares exchanged hands.
The energy sector topped the gainers after adding 1.06% as Dana Gas went up 2.58%.
Similarly, the telecommunication sector and its sole stock, Etisalat, levelled up 0.36% each.
On the other hand, the services sector headed the losers and fell 5.85% as National Marine Dredging slid 10%, while the real estate sector plunged 2.46% after Aldar Properties declined by 2.73%.
