Banks, real estate drag down ADX at Sunday’s close

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Sunday’s trading session in the negative territory, pressured by the banks and real estate sectors.

The general index fell 42.30 points, or 0.86%, to finish the session at 4,872.08 points.

The ADX’s trading volume reached 77.13 million shares exchanged with a turnover of AED 180.03 million through 902 transactions.

The banks sector headed decliners with 1.44% as Abu Dhabi Commercial Bank (ADCB) went down 1.58%, while the real estate sector plunged 0.87% on the back of Aldar Properties’ 1.12% drop.

On the other hand, the energy sector topped the risers adding 1.44% as Taqa grew 10.34%, followed by the consumer staples sector with 1.06% as Agthia levelled up 1.61%.

By the end of the session, Aldar Properties’ stock led the ADX in terms of trading volume with 28.8 million shares, generating AED 51.47 million in liquidity.

Mubasher Contribution Time: 10-Mar-2019 11:31 (GMT)
Mubasher Last Update Time: 10-Mar-2019 11:52 (GMT)