Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) finished Thursday’s trading session with a negative performance after slumping 110.96 points, or 2.27%, to 4,771.08 points.
The ADX’s trading volume reached 193.41 million shares exchanged through 3,126 transactions with a turnover of AED 1.14 billion, registering its highest liquidity in more than two years, or since 8 June 2016.
The telecommunication sector and its only stock, Emirates Telecommunications Group “Etisalat”, tumbled 2.92% each.
The energy sector fell 2.71% after Abu Dhabi National Energy Company (TAQA) and Dana Gas stocks’ slid 7.14% and 3.66%, respectively.
The banks sector levelled down 2.38% as the stocks of First Abu Dhabi (FAB), Abu Dhabi Commercial Bank (ADCB), Union National Bank (UNB), and National Bank of Ras Al Khaimah (RAK Bank) fell 3%, 2.36%, 2.34%, and 1.21%, respectively.
The investment and financial services sector edged down 1.09% as Waha Capital’s stock levelled down 1.18%, while the real estate sector shed 0.78% after the stock of Aldar Properties decreased 1.23%.
On the other hand, the services sector rose 1.37% after Abu Dhabi National Hotels’ (ADNH) stock added 3.23%.
The Emirati stock exchanges announced that they will suspend trading activities on Sunday and Monday, 2 and 3 December in celebration of the 47th National Day. Trading activities will be resumed on Tuesday, 4 December.
