Telecom, banks push down ADX at Wednesday’s close

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Wednesday’s trading session with a negative performance, dragged by the fall of the telecommunication and banks sectors.

The general index retreated 41.84 points, or 0.86%, ending the session at 4,819.83 points. The ADX’s trading volume reached 42.44 million shares exchanged at a turnover of AED 172.300 million through 1,527 transactions.

The telecommunication sector topped the losers, after it fell along with its sole stock Etisalat by 4.07% each.

The banks sector inched down 0.04% as Abu Dhabi Islamic Bank (ADIB) levelled down 2.43%.

On the other hand, the real estate sector topped the gainers, adding 1.74% on the back of Aldar Properties’ 2.12% growth, while the energy sector increased by 0.26% as Dana Gas advanced 1.17%.

By the end of the session, ADIB’s stock led the market in terms of trading volume with 11.50 million shares, generating AED 51 million in liquidity.

Mubasher Contribution Time: 13-Mar-2019 12:16 (GMT)
Mubasher Last Update Time: 13-Mar-2019 12:25 (GMT)