Etisalat pushes ADX to red in early trade

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a downward trend is Tuesday’s early trade, weighed by the negative performance of Etisalat.

The UAE markets are still controlled by speculators amid the lack of catalysts in the current period, which will negatively affect liquidity, analysts told Mubasher.

Turnover reached AED 52.69 million after 67.44 million shares were traded through 571 transactions.

The consumer staples sector levelled down 1.68% as Agthia Group fell 1.9%.

The energy sector slid 0.43% after TAQA lost 2.17%.

The telecom sector decreased 0.3% due to a decline in Etisalat by 0.3%.

Mubasher Contribution Time: 22-Dec-2015 07:09 (GMT)