Profit-taking weighs on ADX Wednesday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has seen a bearish trend on Wednesday after seeing a wave of profit-taking.

The ADX’s general index closed today’s session down by 0.04% at 5,128.56 points, losing 2.19 points.

The bourse’s turnover stood at AED 177.52 million after seeing a trading volume of 60.360 million shares.

Market capitalisation gained AED 644 million and closed the session at AED 523.749 billion.

The banks sector was the sole decliner with a slump of 0.39%, while the energy sector remained stable as compared to Tuesday’s trading session.

On the other hand, the telecommunication and the real estate sectors went up by 0.73% and 0.15%, respectively.

ADNOC Distribution was the most heavily traded stock with a trading volume of 21.278 million shares and a turnover of AED 56.812 million.

Dana Gas and First Abu Dhabi Bank (FAB) shed 0.91% to 0.98 and 0.78% to AED 15.28.

Meanwhile, Abu Dhabi Islamic Bank (ADIB) rose by 1.20% to AED 5.02 and Abu Dhabi Commercial Bank (ADCB) added 0.60% to AED 8.40.

 

Mubasher Contribution Time: 28-Aug-2019 12:00 (GMT)
Mubasher Last Update Time: 28-Aug-2019 12:00 (GMT)