ADX hits 8 week-low on blue chips

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index closed in the red at the end of the week, marking it eighth successive weekly decline, weighed down by selling pressure on blue chips.

The general index lost 0.14%, or 6.14 points, to 4,276.93 points.

The banks sector topped the market’s losers, tumbling 0.2%, after Abu Dhabi Commercial Bank (ADCB) and Union National Bank (UNB) levelled down 4.6% and 1.3%, respectively.

The energy sector shed 1.8% on the back of Dana Gas, which fell 1.43%.

Over the week, the ADX’s trading volume increased to 394.05 million shares from 381.98 million shares on 29 November, while the market’s liquidity declined to AED 179.11 million, compared to AED 715.17 million in the previous week. 

Mubasher Contribution Time: 07-Dec-2017 14:08 (GMT)
Mubasher Last Update Time: 07-Dec-2017 14:17 (GMT)

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