By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index retreated on Tuesday amid lower liquidity.
The general index shed 0.43%, or 18.61 points, to 4,319.81 points.
Usually, there is a buying trend in this time of the year, but the market’s performance today was disappointing, Eyad Al Bariqi, director general of Al Ansari Financial Services, told Mubasher.
The ADX’s trading volume dropped to 74.62 million shares from 195.88 million shares on Monday, while the market’s liquidity nearly halved to AED 91.86 million through 983 transactions, compared to 158.18 million in the previous session.
The telecommunications sector and its only stock Etisalat went down 0.88% each.
The real estate sector lost 0.63% after RAK Properties and Eshraq Properties sank 1.39% each, while Aldar Properties levelled down 0.46%.
The banks sector also declined by 0.34%, as Abu Dhabi Commercial Bank (ADCB), Abu Dhabi Islamic Bank (ADIB), First Abu Dhabi Bank (FAB), and Invest Bank decreased by 0.74%, 0.52%, 0.49%, and 0.40%, respectively.
The energy sector fell 0.28% after ADNOC Distribution tumbled 0.78%
Translated by: Muhammad Khalid
