Three sectors pull ADX to red in Week

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 0.48%, or 22.05 points, to close at 4,577.42 points at the end of the week, pressured by the real estate, banks, and the telecommunication sectors.

The ADX’s trading volume shrank to 338 million shares from 353.57 million in the previous week, while the market’s liquidity rose to AED 716.86 million versus AED 668 million a week earlier.

The real estate sector shed 2.3% after Aldar Properties and Eshraq Properties levelled down 3.1% and 1.41%, respectively.

The telecommunication sector and its only stock Etisalat went down 0.86% each.

The banks sector fell 0.76% after First Abu Dhabi bank (FAB) sank 0.87%, while Abu Dhabi Commercial Bank (ADCB) added 1.67%.

Meanwhile, the energy sector soared 24%, pushed up by TAQA, which surged 12.28%, while Dana Gas gained 1.35% and ADNOC Distribution sank 0.38%.

The investment sector topped the market’s gainers, levelling up 4%, as Waha Capital increased by 4.1%.

Mubasher Contribution Time: 15-Feb-2018 14:35 (GMT)
Mubasher Last Update Time: 15-Feb-2018 14:37 (GMT)

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