FGB, Aldar drag ADX into red at open

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) witnessed losses in Wednesday’s early trades, backed by First Gulf Bank (FGB) and Aldar Properties.

The general index declined 0.5% or 21 points to reach 4,367.75 points by 10:55am UAE time.

The market saw trading of 31.6 million shares through 360 transactions, with turnover of AED 33.6 million.

The real estate sector fell 1.7% as Aldar Properties retreated 2%.

The banks sector slid 0.65% due to a decline in First Gulf Bank (FGB) by 0.8%.

Meanwhile, the telecom sector remained unchanged.

RAK Properties was the value leader with turnover of KWD 7.8 million, despite a 3.2% fall in the stock. 

Mubasher Contribution Time: 23-Mar-2016 07:04 (GMT)