Energy, real estate push ADX down early Tuesday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index was down during Tuesday’s early trades, pressured by the decline in 4 sectors, spearheaded by energy and real estate.

The index slipped 0.09% or 3.95 points to 4,586.93 points by 10:08am UAE time, shrugging off analysts expectations.

Earlier today, analysts told Mubasher they expected the majority of UAE-listed shares to see a sideways-to-upward performance on Tuesday in line with positive expectations for the financial statements of leading companies.

The energy sector led fallers, retreating 2.87% after Dana Gas was down 3.6%, while the real estate sector lost 0.3% after Aldar Properties declined 0.4%.

In the meantime, the consumer staples sector shed 1.13% on the back of ASMAK, which plunged by 9.9%.

Traded value reached AED 6.58 million after 4.51 million shares changed hands though 106 transactions.

Mubasher Contribution Time: 31-Jan-2017 06:47 (GMT)
Mubasher Last Update Time: 31-Jan-2017 06:47 (GMT)