Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) set a downward trend early on Sunday due to a decline in blue chips led by First Gulf Bank (FGB) and Etisalat.
The general index declined 2.8% or 125.2 points to reach 4,353.56 points by 10:45am UAE time.
The UAE markets are expected to suffer from the disappointing dividends announced by heavyweight Emaar Properties, Ahmad Al-Amoudi, technical analyst at Trades Chamber, earlier told Mubasher.
Turnover reached AED 141.8 million shares after trading 56.6 million shares through 864 transactions.
The banks sector declined 4% as FGB levelled down 7%.
The telecom sector went down 2% due to a decrease in Etisalat after generating AED 74.42 million.
The real estate sector slid 0.6% after Aldar Properties levelled down 0.7%.
On the flipside, the industrial sector 0.5%, followed by insurance and services, which each added 0.2%.
