Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) finished Wednesday at a marginal decline after returning to the red in the opening trades, pressured by the real estate sector and shrugging off gains by the energy, telecom and banking sectors.

The benchmark index slipped 0.10% or 4.23 points and closed at 4,329.94 points. Turnover fell to AED 177.133 million ($48.211 million) from AED 344.5 million, while traded volume retreated to 121.4 million shares compared to 197.43 million the day before.

Market capitalisation added AED 780 million ($212.292 million) and closed at AED 406.58 million ($110.66 billion) compared to Tuesday’s closing of AED 405.81 million ($110.451 billion).

The energy sector’s gains trimmed the index’s losses, after adding 1.67% as TAQA leaped 7.84%, ranking highest gainer on Wednesday. The telecom sector increased 0.8%, backed by Etisalat.

The banking sector increased 0.3% as the National Bank of Abu Dhabi (NBAD) grew 1.73%.

On the other hand, the real estate sector plunged 4.95% after Aldar and Eshraq tumbled 5.26% and 4.62%, respectively.

Earlier today, analysts told Mubasher that UAE stock markets are likely to continue recovering from the recent losses after news that global market indices are also seeing a recovery, while oil prices remain stable.

The ADX bounced upwards on Tuesday, its first rise as  after three straight declines, backed by rebounding energy, banking and real estate sectors.