Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index declined in May, pushed down by the geopolitical tensions.
Over the month, the index lost 254.46 points, or 4.84%, to 5,003.58 points.
Market capitalisation went down to AED 511.840 billion in May from AED 534.507 billion in April.
The banking sector declined by 6.64% and First Abu Dhabi Bank (FAB) lost 7.13%.
The investment sector lost 11.9%, as Eshraq Properties dropped 14.5%, while the telecom sector and its only stock, Etisalat, shed 2.4% each.
The consumer staples sector retreated 6.49% after Agthia decreased by 7.93%.
On the other hand, the energy sector rose 1.58%, as Dana Gas gained 3.77%.
As for the week, the ADX’s main index levelled up 226.27 points, or 4.74%, to 5,003.58 points.
The real estate sector rose 7.92% in a week, while the telecom and banking sectors added 5.16% and 5.1%, respectively.
