Energy, real estate stocks drag down ADX Thursday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Thursday’s trading session in red territory, pressured by the fall of the real estate and energy sectors.

The general index inched down 3.68 points, or 0.08%, to finish the last session of the week at 4,855.94 points.

The ADX’s trading volume reached 53.46 million shares exchanged with a turnover of AED 206.439 million through 1,329 transactions.

The investments sector topped the losers falling 3.24% as Waha Capital plunged 3.51%, while the energy sector went down 2.71% on the back of Dana Gas’s 5.06% drop.

Similarly, the real estate sector declined 0.70% after Eshraq Properties and Aldar Properties levelled down 1.96% and 0.64%, respectively.

Meanwhile, the consumer staples sector headed the risers adding 2.93% due to Agthia Group’s 3.73% jump, while the banks sector rose 0.16% after National Bank of Fujairah (NBF) hiked 14.82%.

By the end of the session, First Abu Dhabi Bank’s (FAB) stock led the ADX in terms of liquidity with AED 80.32 million, while Dana Gas’s stock posted the highest trading volume with 15 million shares.

Mubasher Contribution Time: 20-Dec-2018 11:16 (GMT)
Mubasher Last Update Time: 20-Dec-2018 11:20 (GMT)