Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) failed to cling to its morning gains and ended Tuesday at a decline, pressured by the banking, telecom and energy sectors and shrugging off a rise in the real estate sector.
The ADI lost 0.15% or 7.24 points to 4,815.53 points. Turnover increased to AED 205.02 million ($56 million) from AED 186 million ($50.6 million) on Monday. Similarly, traded volume reached 101 million shares against 82 million in the previous session.
Market capitalisation lost AED 770 million ($209.6 million) and closed to AED 448.84 billion ($122.2 billion) compared to AED 449.61 billion ($122.406 million).
The telecom sector shed 0.37% as Etisalat saw a similar decline, which coincided with the company’s announcement that it completed a sale-and-leaseback deal for its Nigerian subsidiary, which transferred its ownership of 555 towers to IHS.
The banking sector turned to the red following its gains earlier in the session, falling 0.24% after First Gulf Bank (FGB) retreated 0.32%.
On the other hand, the real estate sector grew 0.62% as Aldar Properties gained 0.75%, while Manazel Real Estate surged 3.13%.
The banking sector was the most active in terms of turnover, after trading for AED 88.5 million, while Abu Dhabi Commercial Bank (ADCB) traded for AED 56 million.
