Blue chips drag ADX lower Tuesday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Tuesday’s trading session on a low note, weighed by leading stocks in the energy, real estate, and banks sectors.

The general index slipped 0.23% or 11.39 points to close at 4,960.04 points. Turnover amounted to AED 211.340 million after 95.85 million shares were exchanged through 1,703 transactions.

The energy sector retreated 2.46% after Dana Gas tumbled 3.44%, while the real estate sector was down 1.79% after Aldar Properties and Eshraq Properties sank 1.78% and 3.40%, respectively.

In addition, banks declined 0.23% after First Abu Dhabi Bank (FAB) decreased 0.41%.

On the other hand, the telecom sector and its only stock Etisalat grew 0.58% each.

FAB was the ADX’s value leader on Tuesday with AED 90.99 million in turnover, while Dana Gas was the most active in terms of volume with 58.85 million shares exchanged. 

Mubasher Contribution Time: 27-Nov-2018 11:31 (GMT)
Mubasher Last Update Time: 27-Nov-2018 11:31 (GMT)