Real estate sector drags ADX into red

Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) continued its negative performance, weighed by the real estate, banks and energy sectors.

The general index declined 0.34% or 13.57 points to reach 4,012.66 points by 12:10pm UAE time.

UAE markets are likely to continue its volatile trend amid anticipations of any changes in the global economy and oil markets, analysts earlier told Mubasher.

The market saw trading of 35.5 million shares through 774 transactions, with turnover of AED 81.29 million.

The investment sector led decliners after falling 0.93%, weighed by Waha Capital.

The real estate sector slid 0.86% as Aldar Properties decreased 0.45%.

The banks sector levelled down 0.48% after Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank fell 3.33% and 0.82%, respectively.

The energy sector slumped 0.47% due to a drop in TAQA by 2.27%.

Mubasher Contribution Time: 15-Dec-2015 08:45 (GMT)