Energy, banks weigh on ADX; liquidity drops

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Monday in the red, pressured by six of its sectors led by energy and banks.

The general index shed 0.63% or around 29 points to close at 4,564.31 points.

Turnover declined to AED 111.41 million on Monday from AED 143.61 million on Sunday, while traded volume more than halved to 48.29 million shares versus 149.74 million shares in the previous session.

The energy sector dropped 2.6%, after TAQA slid 3.3%, while the banks sector lost 0.8% on the back of First Abu Dhabi Bank, which declined 0.9%.

The telecom sector and its stock Etisalat shed 0.28%.

Aldar Properties’ stock led in terms of turnover with AED 25.7 million, while Eshraq led in terms of traded volume with 12.04 million shares.

Mubasher Contribution Time: 15-May-2017 11:19 (GMT)
Mubasher Last Update Time: 15-May-2017 11:19 (GMT)