By: Bedour Al Raei
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended the first quarter of 2017 red, dragged by a semi-collective fall in sectors, topped by the energy and real estate sector.
The benchmark index dropped in Q1-17 by 2.26% to the level of 4,443.53 points, compared to 4,546.37 points in Q4-16.
During March, the main index fell 2.38%.
The market capitalisation decreased in Q1-17 by AED 15.9 billion to AED 459.9 billion, versus AED 475.80 billion in Q4-16.
Trading volume increased in Q1-17 by 0.37% to 10.71 billion shares from 7.84 billion shares exchanged in Q4-16, turnover decreased 44% to AED 17.37 billion from AED 12.07 billion.
The number of transactions reached 133,608 in Q1-17, compared to 98,690 in Q4-16.
The energy sector shrank 20.35% in Q1-17, due to a fall of 22.22% in Dana Gas and 13.21% in Taqa.
The real estate sector dropped 11.11% as Aldar fell 14.07% and RAK Properties slid 4.55%, while Eshraq rose 2.88%.
The telecom sector slipped 3.99% as Etisalat fell by the same percentage.
On the flipside, the insurance sector increased 19.18%.
Translated by: Elwy el-Manzalawy
