By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index inched down 0.09% or 4 points to 4,283.07 points in week.
The banking sector decreased by 0.51% after First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) dropped 0.49% and 0.7%, respectively.
The real estate sector shed 1.36% on the back of Aldar Properties' 1.35% fall.
The energy sector tumbled 0.3% after Dana Gas dipped 2.78%.
On the other hand, the telecommunication sector and its only stock Etisalat grew 1.55% each.
Over the week, the ADX’s trading volume reached 219 million shares, while the market’s turnover dropped to AED 463.8 million, compared to AED 667 million in the week ended 23 November.
A decline on Wednesday
The general index levelled down 0.28% or 12.05 points to 4,283.07 points on Wednesday.
The banks sector sank 0.71% after Union National Bank (UNB), First Abu Dhabi Bank (FAB), and Abu Dhabi Commercial Bank (ADCB) lost 2.75%, 0.98%, and 1.14%.
A total of 45.9 million shares were traded, generating AED 164.5 million, through 1,223 transactions.
Translated by: Muhammad Khalid
