Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index opened at a decline early Tuesday, dragged down by the banking and telecom sectors.
The index slipped 0.13% or 6.12 points to 4,534.15 points by 10:40am UAE time. A total of 33.4 million shares changed hands through 209 transactions, following a turnover of AED 65.36 million.
The banking sector led losers, falling 0.43% after First Gulf Bank (FGB) dropped 1.2%, while the telecom sector and its stock Etisalat were down 0.26%.
The index’s decline is opposed to analysts’ projections.
Earlier, analysts told Mubasher that they expect that UAE stock markets to see a rebuilding of new price positions on Tuesday and Wednesday after blue chips reached attractive levels, in line with the rise of global and regional markets.
