Three sectors weigh on ADX Thursday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 0.25%, or 11.44 points, to 4,577.42 points on Thursday, dragged down by the real estate, telecommunication, and energy sectors.

The ADX’s trading volume shrank to 53.14 million shares from 30.38 million on Wednesday, while the market’s liquidity increased to AED 111.64 million versus AED 97.5 million in the previous session.

The real estate sector dropped 2.64% after Aldar Properties plunged 3.1%, while Eshraq Properties shed 1.41%.

Aldar Properties was the most actively-traded stock on the ADX in terms of both volume and liquidity, with 10.02 million shares, generating a turnover of AED 30.9 million.

The telecommunication sector and its only stock Etisalat levelled down 0.57% each.

The energy sector inched down 0.08%, as ADNOC Distribution sank 0.75%, while TAQA rose 1.59%.

 

Mubasher Contribution Time: 15-Feb-2018 11:54 (GMT)
Mubasher Last Update Time: 15-Feb-2018 11:56 (GMT)

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