Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) opened Tuesday’s session in the red territory, pressured by weaker Abu Dhabi National Energy (TAQA) and First Gulf Bank (FGB) stocks.
The bourse’s main index declined 0.25% or 11 points to the level of 4,458.8 points.
Trading volume reached 6.8 million shares which were exchanged at AED 8.45 million through 140 transactions.
The UAE bourses are expected to see a slight but positive rebound during Tuesday’s trades following Monday’s collective decline, backed by U.S. and European stocks which are rising despite retreating oil prices, analysts told Mubasher.
TAQA and FGB fell by 1.6% and 1.18% respectively, while Dana Gas and Aldar Properties gained 1.8% and 1.15% (respectively) in a raw and Etisalat was flat.
Waha Capital shrank 0.5% after disclosing its financial statements for the first quarter of fiscal 2016.
Meanwhile, Manazel Real Estate was also 1.7% lower.
Translated by: Elwy el-Manzalawy
