Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a bearish performance for the fifth session in row on Monday, weighed down by the fall of banks and telecom sectors.
The main index reached 4,220.44 points after falling 2.2% or 95.18 points, its highest losses in six months.
Trading volume reached 42.11 million shares on Monday, compared to 37.89 million shares last Sunday. Turnover amounted to AED 110.68 million, compared to AED 69.96 million.
The banks sector slid 3.02% as the National Bank of Umm Al Qaiwain (NBQ) and First Gulf Bank (FGB) sank 8.06% and 4.9 respectively.
The telecom sector decreased 2.03% as Etisalat levelled down 2.03%.
The investment sector tumbled 1.48% after Waha Capital declined 1.6%. The energy sector also retreated 0.38% due to a decline in TAQA by 1.64%.
