Banks pulls ADX to the red Monday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index inched down 0.09% or 4.14 points to close at 4,369.59 points, registering its second successive decline.

The banks sector dropped 0.48% after Union National Bank (UNB), Sharjah Islamic Bank, Abu Dhabi Commercial Bank (ADCB), and First Abu Dhabi Bank (FAB) sank 1.46%, 1.45%, 1.37% and 0.35%, respectively.

Meanwhile, the real estate sector went up 0.62% after RAK Properties, Eshraq Properties, and Aldar Properties grew 1.45%, 1.43%, and 0.44%, respectively.

The telecommunication sector and its only stock Etisalat levelled up 0.59% each.

The ADX’s trading volume increased to 63.9 million shares from 39.9 million shares on Sunday, while the market’s turnover nearly doubled to AED 130.7 million, compared to AED 74.7 million in the previous session.

Eshraq Properties was the most-actively traded stock in terms of volume, with 19.8 million traded shares, while Etisalat led the ADX in terms of liquidity, with a turnover of AED 29.9 million through 295 transactions. 

Mubasher Contribution Time: 13-Nov-2017 11:47 (GMT)
Mubasher Last Update Time: 13-Nov-2017 11:47 (GMT)