Banks drag down ADX in week

Abu Dhabi – Mubasher: The general index of the Abu Dhabi Securities Exchange (ADX) went down by 88.5 points, or 1.68%, to 5,156.18 points in a week, pushed down by the banking sector which shed 2.7%.

Market capitalisation declined to AED 537.09 billion over the week, compared to AED 542.35 billion in the previous week.

The energy sector shed 1.85%, while the telecom sector fell 1.57% and the real estate sector decreased by 1%.

Abu Dhabi Commercial Bank, Dana Gas, and Etisalat lost 3.37%, 2.78%, and 2.05%, respectively.

First Abu Dhabi Bank fell 1.53%, Adnoc Distribution sank 0.63%, and Aldar Properties decreased by 0.44%. On the other hand, Taqa surged 3.7%.

Mubasher Contribution Time: 31-Jan-2020 18:04 (GMT)
Mubasher Last Update Time: 31-Jan-2020 18:04 (GMT)