Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 39.3 points, or 0.84%, to close at 4,611.75 points on the back of profit-taking.
The ADX has seen a profit-taking trend after some successive increases, in which investors hurried to collect their gains lest that the looming trade war led by the US will destabilise global markets, analysts told Mubasher.
By the end of the mid-week session, the ADX’s trading volume declined to 69.02 million shares from 71.5 million on Monday, while the market’s liquidity rose to AED 141.18 million versus AED 136.97 million in the previous session.
The real estate sector went down 1.51% after Eshraq Properties dropped 5.33%, while RAK Properties tumbled 2.82% and Aldar Properties shed 0.88%.
The telecommunication sector and its only stock, Etisalat, lost 1.12%.
The banks sector decreased around 0.87% after First Abu Dhabi Bank (FAB) sank 1.67% and Abu Dhabi Commercial Bank surged 3.85%.
On the other hand, the consumer staples sector added 1.29%.
