ADX sees red week; market cap falls to AED 484.65bn

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 51.02 points, or 1.03%, to close at 4,883.42 points in the week ended Thursday, 20 September.

Manazel Real Estate dropped 6.5%, while Aldar Properties tumbled 4.8%, causing the real estate sector to decline 4.08%.

The energy sector shed 2.47%, as TAQA and ADNOC Distribution went down 3.36% and 2.46%, respectively.

The investment sector levelled down 1.5% after Waha Capital sank 1.6%. Moreover, the banks sector decreased by 1.2%, as First Abu Dhabi Bank (FAB) fell 1.01% and Abu Dhabi Islamic Bank (ADIB) lost 5.2%.

Over the week, the ADX’s trading volume reached 250.55 million shares, while the market’s liquidity amounted to AED 906.38 million and market capitalisation declined to AED 484.648 billion.

Mubasher Contribution Time: 20-Sep-2018 15:33 (GMT)
Mubasher Last Update Time: 20-Sep-2018 15:35 (GMT)