ADX sees negative performance in week

Abu Dhabi – Mubasher: The benchmark index of Abu Dhabi Securities Exchange (ADX) was in the red zone during the week ended 20 October, in line with the fall of the banks and energy sectors.

ADX’s main index dropped 1.21% or 52.74 points to reach 4,294.46 points.

Liquidity increased to AED 531.34 million this week from AED 462.12 million, after trading volume grew to 283.61 million shares from 211.53 million in the past week.

The banks sector retreated 0.93%, dragged by National Bank of Umm Al Qaiwain  which lost 8.06%.

The energy sector levelled down 0.65% after TAQA lost 3.23%.

Meanwhile, ADX’s real estate sector gained 3.03% on the back of Aldar which went up 4.67%.

The telecom sector edged up 0.52%, supported by Etisalat stock which gained 0.52%.

 

Mubasher Contribution Time: 20-Oct-2016 14:14 (GMT)
Mubasher Last Update Time: 20-Oct-2016 14:15 (GMT)