Energy, real estate weigh on ADX at Monday’s close

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Monday in the red, marking its second straight decline, dragged downwards by the energy and real estate sectors.

The general index lost 0.12% or 5.44 points to 4,626.42 points.

Turnover grew to AED 129.90 million on Monday from AED 71.62 million on Sunday, while traded volume increased to 70 million shares versus 46.63 million in the previous session.

The investment sector led fallers, sliding 2.63% after Waha Capital saw a similar decline, while the energy sector was down 1.74% after TAQA and Dana Gas retreated 3.51% and 2.56%, respectively.

The real estate sector shed 0.25% after Manazel Real Estate and Eshraq Properties fell 1.67% and 1.30%, respectively.

On the other hand, the industry sector grew 0.81% after Ras Al Khaimah Ceramic gained 3.64%.

Abu Dhabi Commercial Bank (ADCB) led in terms of value with AED 36.7 million, whereas take led in terms of volume with 23.27 million shares traded.

Mubasher Contribution Time: 29-Jan-2018 11:04 (GMT)
Mubasher Last Update Time: 29-Jan-2018 11:04 (GMT)