ADX sinks 18 pts on banks Wednesday

By: Bedour Al Raee

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 18.53 points, or 0.41%, to close at 4,519.12 points on Wednesday on the back of the banks sector.

The ADX’s trading volume rose to 35 million shares from 33.09 million on Tuesday, while the market’s liquidity increased to AED 82.38 million against AED 80.75 million in the previous session.

The banks sector shed 0.69%, as First Abu Dhabi Bank (FAB) went down 0.91%.

The industrial sector tumbled 2.89% after Julphar dropped 8.7% and Bildco plunged 5.66%.

On the positive side, the consumer staples sector surged 3.4%, as Agthia soared 4.55%, while the real estate sector rose 0.12% after RAK Properties gained 1.2%.

The energy sector grew 0.11%, as TAQA jumped 2.99%.

The ADI is still fluctuating as became evident in the last sessions, vice president of Investment Research at KAMCO Raed Diab told Mubasher.

Investors wait for new market-boosting catalysts to propel them toward strengthening their positions, Diab added, concluding that the national economy is doing well.


Translated by: Muhammad Khalid

Mubasher Contribution Time: 14-Mar-2018 12:39 (GMT)
Mubasher Last Update Time: 14-Mar-2018 12:43 (GMT)

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