Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a negative performance in Monday’s early trades, amid a decline in blue chips.
The main gauge retreated 0.7% or 31.6 points to 4,523.56 points by 10:30am UAE time.
The UAE stock markets are likely to continue their volatile trend on Monday as Doha talks fail to freeze oil production and portfolio investors tend to liquidate some stocks, while buyers are ready to bet on others, analysts told Mubasher.
Oil-producing countries at the Doha meeting failed to reach an agreement Sunday on a production freeze as they needed "more time" to make the decision, Qatar's Energy Minister Mohammed bin Saleh Al Sada said.
The consumer staples sector slid 2.6% as Agthia Group fell 3.1%.
The real estate sector levelled down 1.6% after Aldar Properties lost 1.8%.
The banks sector retreated 0.8% due to a decrease in First Gulf Bank (FGB) by 1.17%.
The telecom sector went down 0.27% as Etisalat shed 0.27%.
Turnover reached AED 46.64 million after trading 45.27 million shares through 520 transactions.
