ADX slips Sunday; energy biggest loser

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) main index closed in the red zone on Sunday after increasing for four successive sessions.

The main index shed 0.17% or 7.50 points to close at 4,518.38 points.

The energy sector topped the ADX’s losers with 3.09% after Dana Gas dropped 3.8% following after it submitted a request to the UK Supreme Court to appeal against two previous rulings in its sukuk case.

The banks sector fell 0.49% on the back of Union National Bank’s (UNB) 1.18% decline after the bank posted stable results for the third quarter of 2017.

Meanwhile, the real estate sector dropped 0.33% after Manazel shed 3.5%.

On the positive side, the consumer staples sector led the ADX’s gainers, adding 3.12%, after Asmak rose 0.6%.

Trading volume shrank to 70.13 million shares from 85.34 million shares on Thursday, while turnover amounted to AED 107.23 million through 964 transactions, versus AED 134.69 million through 1,454 transactions.

Mubasher Contribution Time: 15-Oct-2017 12:18 (GMT)
Mubasher Last Update Time: 15-Oct-2017 12:24 (GMT)