By: Mahmoud Gamal

Abu Dhabi-Mubasher: The Abu Dhabi Securities Exchange (ADX) resumed its bearish performance on Tuesday amid a rise in selling pressures on blue chips.

The general index went down 0.61% or 27.07 points to reach 4,407.16 points.

Abu Dhabi bourse was negatively impacted by speculations on blue chips, according to capital market analyst Nawaf Al-Ajmi.

The real estate sector topped losers with a 1.44% declined as Aldar Properties fell at close.

The banks sector levelled down 0.9% after First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD) decreased.

The telecom sector retreated 0.26% due to a decline in Etisalat.

The bourse did not manage to maintain the gains it achieved on Monday despite the stability of global and oil markets, according to Raed Diab, Vice President of Investment Research Department in KAMCO.

Trading volume reached 36.82 million shares on Tuesday, compared to 53.73 million shares on Monday. Turnover stood at AED 87.67 million, compared to AED 102.6 million.

The index managed to maintain above its support at 4,300 points in the previous sessions, thus helping the market to incur more losses, Diab noted.

The index will fall to 3,175 points if it declines below 4,300 points, the analyst added.

Translated by: Julian Nabil