Real estate stocks weigh on ADX on Tuesday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Tuesday’s trading session in the red territory, pressured by selling transactions on real estate stocks.

The ADX’s general index shed 0.99% to 5,105.12 points, losing 50.88 points.

Trading volume amounted to 61.276 million shares that were exchanged at a turnover of AED 22.089 million through 2,024 transactions.

Market capitalisation lost AED 4.85 billion and closed the session at AED 524.977 billion.

The real estate sector led the decliners with a decrease of 2.91%, followed by the banks, the telecommunication, and the energy sectors that slipped 1.10%, 0.70%, and 0.40%, respectively.

Al Dar Properties headed the losers with 3.11%, while Foodco led the winners with 14.81%.

First Abu Dhabi Bank (FAB) was the most active stock by value with a turnover of AED 59.624 million, while Al Dar Properties was the most active stock by volume with a trading volume of 14.864 million shares.

Mubasher Contribution Time: 03-Sep-2019 11:50 (GMT)
Mubasher Last Update Time: 03-Sep-2019 11:50 (GMT)