By: Enas Bahgat
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index inched down 0.06% or 2.49 points to close at 4,373.73 points.
The telecommunication sector and its only stock Etisalat shed 1.16% each.
On the other hand, the banks sector went up 0.44% after Union National Bank (UNB) jumped 2.24%.
Meanwhile Sharjah Islamic Bank, Abu Dhabi Commercial Bank (ADCB), and First Abu Dhabi Bank (FAB) grew 0.73%, 0.55%, and 0.49%, respectively.
The real estate sector rose 0.1%, after Aldar Properties levelled up 0.45%.
The ADX’s trading volume dropped to 39.9 million shares from 74.9 million shares on 9 November, while the market’s turnover nearly halved to AED 74.7 million through 693 transactions, compared to AED 156.2 million in the previous session.
Eshraq Properties was the most actively-traded stock in terms of volume, with 12.6 million traded shares, while Etisalat topped the market in terms of liquidity, with a turnover of AED 31.7 million through 204 transactions.
The general index may reach 4,440 points, but it will stabilise at 4,350 points, technical analyst Ibrahim Al Felkawy told Mubasher.
Translated by: Muhammad Abdulwakeel
