Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a bearish performance on Sunday, falling below 4,200 points, weighed by the telecom and real estate sectors.
The general index fell 0.89% or 37.52 points to reach 4,198.87 points.
Trading volume declined to 115 million shares on Sunday, compared to 276.5 million shares on 30 November. Likewise, turnover dropped to AED 293.40 million from AED 2.29 billion.
Etisalat was the top loser after declining 4.85% to reach AED 15.70.
UAE market analyst Wadah Al-Taha earlier told Mubasher that it difficult to predict that Etisalat’s stock momentum will continue, thus paving the way for profit-taking.
The real estate sector retreated 1.63% as Eshraq Properties and Aldar Properties went down 1.96% and 1.71%, respectively.
The banks sector grew 0.97% as National Bank of Abu Dhabi, First Gulf Bank and Abu Dhabi Commercial Bank added 4.84%, 1.25% and 0.8%, respectively.
The investment sector rose 3.15%, backed by Waha Capital which levelled up 3.15%.
