Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index dropped 0.67% or 29.32 points for the fourth successive session to close at 4,337.09 points.
The telecommunication sector and its only stock Etisalat both levelled down 0.89% each.
The real estate sector shed 0.87% after Eshraq Properties sank 1.37% and Aldar Properties fell 0.89%.
The banks sector lost 0.77% after Union National Bank (UNB), First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Finance House, and Abu Dhabi Islamic Bank (ADIB) tumbled 1.71%, 0.98%, 0.69%, 0.54%, and 0.27%, respectively.
The ADX’s trading volume declined to 37.1 million shares from 57.7 million shares on Tuesday, while the market’s turnover decreased to AED 82.9 million versus AED 124.1 million in the previous session.
Eshraq Properties topped the ADX in terms of trading volume, with 7.3 million traded shares, while FAB was the most-actively trades stock in terms of liquidity, with a turnover of AED 20.6 million through 77 transactions.