Abu Dhabi-Mubasher: The Abu Dhabi Securities Exchange (ADX) witnessed losses for second session in a row on Tuesday, dragged down by the fall of banks stocks.
The general index went down 0.06% or 2.64 points to reach 4,583.41 points.
The market saw trading of 151.85 million shares on Tuesday, compared to 138.75 million shares on Monday. Turnover stood at AED 243.08 million, compared to AED 220.38 million.
The banks sector slid 0.24% as First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) retreated 0.81% and 0.5% respectively.
On the other hand, the real estate sector increased 0.07% as RAK Properties gained 3.4%.
Methaq Takaful Insurance, which stabilised at AED 0.92, was the value leader and most active stock after generating AED 49.24 million from the exchange of 52.5 million shares
The market’s losses were affected by the lack of catalysts and first-half results, in addition to lower oil prices, according to Raed Diab, Vice President of Investment Research Department in KAMCO.
