Abu Dhabi – Mubasher: Abu Dhabi Securities Exchange (ADX) started Monday in red, as the benchmark index plummeted by 0.11% or 4.74 points, reaching the level of 4,246.08 points.
Morning trading saw a volume of 14.12 million shares exchanged in 351 trades worth AED 32.66 million.
The real estate sector dropped by 0.9%, weighed down by Eshraq Properties and Aldar Properties as they fell 1.92% and 0.86%, respectively.
Meanwhile, the banking sector slipped 0.25% down after a 0.78% decrease in Abu Dhabi Commercial Bank.
On the other hand, the energy sector made a rise of 2.37% boosted by Taqa and Dana Gas which rose 2.56% and 2.33%, respectively.
Etisalat made the highest trading volume with 22.29 shares and rose 0.31%.
Financial analysts suggested that any rise in United Arab Emirates stock markets would make a corrective rebound after the past losses which forced the indices to hit low levels.
ADX closed Sunday with a loss, after it was negatively affected by the drop in telecom and real estate sectors.
