By: Bedour Al-Raei
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Wednesday’s trading in the red zone, pressured by the fall in major sectors.
The bourse’s main index reached the level of 4,340.93 points, shrinking 1.04% or 45.49 points; the highest losses in 18 months.
Trading volume reached 29.7 million shares exchanged at AED 78.12 million, compared to 23.60 million shares exchanged on Tuesday at AED 61.57 million.
“The lack of catalysts still overshadows trading in UAE markets,” capital market analyst Wadah Al Taha told Mubasher.
The energy sector fell 2.18% as Taqa topped decliners with a drop of 3.51% and Dana Gas declined by 1.82%.
The banks sector also retreated by 1.54%, dragged by a fall of 2.88% and 1.85% in First Gulf Bank and Abu Dhabi Commercial Bank respectively.
The real estate sector shrank 0.78% as Aldar Properties declined 1.09%, while the telecom sector dropped 0.53%.
Translated by: Elwy el-Manzalawy
