By: Bedour Al Raai
Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed the week ended 13 December in negative territory, dragged by the fall of the banks and energy sectors.
The energy sector topped the ADX’s decliners falling 3.19% as Dana Gas and Abu Dhabi National Energy (TAQA) went down 4.30% and 3.96%, respectively.
Similarly, the banks sector plunged 0.53% after First Abu Dhabi Bank’s (FAB) dropped 1.13%.
On the other hand, the real estate sector headed the bourse’s gainers adding 1.31% as Aldar Properties rose 1.90%, while the investment sector went up 2.21% due to Waha Capital’s 2.29% growth.
Over the course of the week, the ADX’s market capitalisation reached AED 490.24 billion.
The market witnessed a stable performance in the last sessions after a wave of sell-offs, deputy head of the investment research unit at KAMCO Raed Diab told Mubasher.
He added that the announcement of the fiscal year 2018 financial results would incentivise the market.
Moreover, the index is stable at a resistance level of 4,740 points, Diab pointed out.
Translated by: Kholoud Mohamed Hussein
