Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) saw a negative performance in Wednesday’s early trades due to the decline of banks sector led by First Gulf Bank.
The UAE markets are expected to continue their sideways-to-bearish trend, said capital market analyst Mohamed Sonbol.
He added that the ADX is technically falling to 3,700 points amid the lack of internal catalysts.
The market saw trading of 14.25 million shares through 242 transactions, with turnover of AED 36.76 million.
The banks sector led losers after falling 1.19%, weighed by First Gulf Bank which declined 2.4%. However, the bank was the most active company with turnover reaching AED 26.89 million after generating 2.68 million shares through 98 transactions.
On the flipside, the telecom and real estate sectors advanced 1.09% and 0.2%, respectively.
ADX sees downward trend at open
Mubasher Contribution Time: 27-Jan-2016 06:38
(GMT)
