Real estate, banks push ADX to red

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a downward trend for the second successive session in a row on Thursday, dragged by a decline in the real estate and banks sectors.

The general index lost 0.81% or 60.69 points to reach 3,736.95 points.

Turnover reached AED 143.05 million ($39 million) on Thursday, compared to AED 167.07 ($39 million) on Wednesday. Trading volume stood at 97.42 million shares, compared to 127.29 million shares.

The real estate sector rose 5.79%, spurred by TAQA and Dana Gas which added 7.69% and 5.26%, respectively.

Meanwhile, the banks sector levelled down 1.72% after First Gulf Bank and Abu Dhabi National Insurance Company decreased 2.9% and 1.43% in a row.

Lastly, the real estate sector retreated 0.48% as Eshraq Properties fell 2.33%.  Aldar Properties also dived 0.51%, becoming the value leader after generating AED 35.5 million.

MUBASHER Contribution Time: 21-Jan-2016 10:47 (GMT)