Abu Dhabi – Mubasher: The general index of the Abu Dhabi Securities Exchange (ADX) declined by 251.73 points or 5.14% to end the first week of March at 4,643.08 points, compared to 4,901.42 a week earlier.
Market cap lost over AED 22 billion to AED 492.23 billion in the week ended on 5 March from AED 514.61 billion the week before.
The banks sector led the losers after falling by 6.94%, while the telecommunications, real estate, and energy sectors dropped by 1.90%, 1.91%, and 1.74%, respectively.
At the level of stocks, Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), Etisalat, Dana Gas, and Aldar Properties slid by 9.51%, 5.66%, 5.06%, 2.86%, and 1.88%, in that order.
Over the week, ADNOC Distribution, Abu Dhabi Islamic Bank (ADIB), Abu Dhabi National Energy (TAQA) retreated by 1.67%, 1.46%, and 0.15%, respectively.
