By: Mahmoud Gamal
Abu Dhabi – Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) shed 0.38% or 17.12 points to the level of 4,499.26 points at the end of trading of Thursday's session.
The investment sector rose 1.9%, backed by Waha Capital which advanced 2.05%.
The industrial sector was also up 0.62% after Ras Al Khaimah Ceramics (RAK Ceramics) grew 3.7%.
The telecommunication sector turned to gains adding 0.25% supported by Etisalat stock which increased by the same percentage.
The purchasing of the moderate and leading stocks, especially Etisalat, decreased the market's retreats at the closing, technical analyst Gamal Abdel Hamed told Mubasher.
The analyst expected that the fluctuation performance would continue, noting that the stability of the index above the level of 4,490 reduces the selling pressures and qualifies it to reach the level of 4,500 points.
The consumer staples sector lost 3.8%, on the back of Agthia Group which fell 4.88%.
The real estate also decreased 2.07% after Aldar Properties was down 2.2%.
Moreover, the energy sector slipped 1.11%, weighted by Abu Dhabi National Energy (TAQA) which levelled down 5.66%.
Traded volume fell to 63.45 million shares compared to 70.96 million shares on Wednesday.
Turnover rose to AED 257.49 million from AED 135.12 million yesterday.
Translated by: Sara Ghali
