ADX sees losses at open

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a negative performance on Sunday, the first trading session in 2016, pressured down by the energy, banks and real estate sectors.

The general index went down 0.86% or 37.11 points to reach 4,276.64 points by 10:30am UAE time.

The energy sector declined 2.4% as TAQA fell 4.26%.

The banks sector retreated 1.3% after Abu Dhabi Islamic Bank and First Gulf Bank decreased 3.5% and 2.7% to AED 3.8 and AED 12.3, respectively.

The real estate sector levelled down 1.7% as RAK Properties slid 3.6%.

The services sector topped risers by 1.7% due to an increase in National Marine Dredging Co. by 14.9%.

The telecom sector advanced 0.62%, backed by the rise of Etisalat.

The market saw trading of 8.61 million shares through 109 transactions, with turnover of AED 9.61 million.  

Mubasher Contribution Time: 03-Jan-2016 06:39 (GMT)