Banks drag ADX down Thursday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 0.79%, or 34.01 points, to 4,276.93 points.

The banks sector went down 1.3% after Union National Bank (UNB), United Arab Bank (UAB), Abu Dhabi Commercial Bank (ADCB), First Abu Dhabi Bank (FAB), and Sharjah Islamic bank fell 3.27%, 2.5%, 1.75%, 1.46%, and 0.72%, respectively.

On the other hand, the real estate sector added 0.2%, pushed by Eshraq Properties, which surged 5.88%.

The ADX’s trading volume shrank to 49.3 million shares from 54.7 million shares on Wednesday, while the market’s liquidity declined to AED 83.3 million through 679 transactions, compared to AED 109.4 million in the previous session.

Mubasher Contribution Time: 07-Dec-2017 12:25 (GMT)
Mubasher Last Update Time: 07-Dec-2017 12:26 (GMT)

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