Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) witnessed a downward trend on Thursday, dragged by profit-taking on most stocks, especially those of the energy, telecom and banks sectors.
The general index declined 1.86% or 85.20 points to reach 4,499.90 points.
The market saw trading of 126.518 million shares, with turnover of AED 258.91 million ($70.5 million).
As for sectors, energy went down 4.05% as TAQA and Dana Gas retreated 6.12% and 3.57%, respectively.
The telecom sector slid 3.98% after Etisalat lost 3.98%. Etisalat was the value leader after generating AED 64.71 million.
The banks sector declined 1.23% as First Gulf Bank (FGB) and Abu Dhabi Commercial Bank (ADCB) fell 1.89% and 0.27%, respectively.
Also, the real estate sector levelled down 0.45% as Eshraq Properties and Aldar Properties decreased 1.27% and 0.38% in a row.
On the flipside, the insurance sector advanced 0.35% due to an increase in Al Dhafra Insurance Company by 13.64%.
