By: Bedour Al Raee
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 86.06 points, or 1.87%, to close at 4,523.49 points on Tuesday, its lowest level in two months, dragged down by the real estate and banks sectors.
The ADX’s trading volume shrank to 46.8 million shares from 52.74 million on Monday, while the market’s liquidity rose to AED 125.72 million against AED 111.47 million in the previous session.
The anticipation pressured the ADX today, resulting in a low liquidity, Al-Sharhan Centre’s general manager Gamal Agag told Mubasher.
The major listings planned for 2018 may urge investors to hold to their cash for now, Agag added.
The banks sector tumbled 4.43% after First Abu Dhabi Bank (FAB) dropped 6.47%, while the real estate sector went down 0.85%, as Aldar Properties sank 0.92%.
Meanwhile, the telecommunication sector surged 2.6%, while the energy sector edged up 0.08%.
Etisalat added 2.6% and led the ADX in term of liquidity, with a turnover of AED 38.82 million.
Translated by: Muhammad Khalid
