Energy, banks sectors drag ADX down Thursday

Abu Dhabi - Mubasher: The benchmark index of the Abu Dhabi Securities Exchange (ADX) dropped 0.39% or 17.33 points to reach 4,396.35 points at the closing of Thursday’s trades, affected by falling energy and banks shares.

A total of 61.91 million shares were traded, generating AED 95.8 million, compared to 89.44 million shares worth AED 123.87 million on Wednesday.

The energy sector fell 1.51%, on the back of Abu Dhabi National Energy (TAQA) and Dana Gas, which levelled down 1.96% and 1.43%, respectively.

The banking sector dropped 0.53%, weighed down by the decline of First Abu Dhabi Bank by 0.97%, while the telecommunications sector recorded the lowest decline of 0.29%.

The real estate sector, on the other hand, rose 0.29% as Aldar Properties increased 0.86%.

The consumer goods sector achieved the highest rise of 1.85%, after Asmak’s stock surged 7.14%.

Traded volume on Dana Gas reached 35 million shares worth a total value of AED 24.41 million.

MUBASHER Contribution Time: 06-Jul-2017 14:08 (GMT)
MUBASHER Last Update Time: 06-Jul-2017 15:15 (GMT)