By: Bedour Ibrahim
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index declined 33.93 points, or 0.70%, to close at 4,811.42 points on Thursday, pressured by vlue-chip stocks.
The ADX’s trading volume reached 39.28 million shares, while the market’s liquidity amounted to AED 141.54 million.
The energy sector topped the market’s losers falling 1.84% as Dana Gas and Abu Dhabi National Energy (TAQA) declined 2.7% and 1.67%, respectively.
The telecommunication sector and its only stock, Etisalat, went down 1.17%.
Similarly, the banking sector levelled down 0.58% as First Abu Dhabi Bank (FAB) retreated 0.74%, while the real estate sector inched down 0.02%, dragged by Eshraq Properties’ (Eshraq) 1.64% decrease.
The emergence of new purchasing powers over the week led to a remarkable change in positions and benefiting from the attractive stock prices, market analyst Eiad Aref told Mubasher.
Over the coming two weeks, first-half financial results of the ADX’s listed companies will play a key role in determining the market’s performance, he added.
By the end of Thursday’s session, FAB’s stock led the market in terms of liquidity with AED 57.32 million, while Finance House’s stock spearheaded the bourse in terms of trading volume with 10.64 million shares.
Translated by: Kholoud Mohamed Hussein
