Telecom, real estate weigh on ADX in May

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 64.48 points, or 1.38%, to close at 4,669.52 points in May, dragged down by the telecommunication and real estate sectors.

The ADX’s trading volume reached 1.808 billion shares, while the market’s liquidity amounted to AED 3.261 billion.

Over the month, market capitalisation lost AED 8.64 billion, recording AED 466.462 billion.

The telecommunication sector and its only stock, Etisalat, dropped 5.54% each during the month.

The real estate sector declined 1.76% after Aldar Properties decreased by 2.38%, while the banks sector shed 0.1% after First Abu Dhabi Bank (FAB) went down 0.81%.

On the other hand, the energy and the consumer staples sectors added 3.53% and 2.38%, respectively.

Mubasher Contribution Time: 31-May-2018 14:02 (GMT)
Mubasher Last Update Time: 31-May-2018 14:16 (GMT)