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ADX resumes losses Monday

ADX resumes losses Monday
Turnover reached AED 143.51 million on Monday (Photo Credit: Arabianeye-Reuters)

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a bearish performance amid higher trades on Monday, weighed down by the fall of telecom, energy and banks stocks.

The main index slid 0.23% or 10.02 points to reach 4,289.35 points.

Turnover reached AED 143.51 million on Monday, compared to AED 51.74 million on Sunday. Trading volume stood at 52.09 million shares, compared to 39.25 million shares.

The telecom sector fell 1.02% after Etisalat retreated 1.02%.

The energy sector slid 0.38% due to a decline in TAQA by 1.7%.

The banks sector decreased 0.30% after First Gulf Bank (FGB) levelled down 0.91%.

On the other hand, the real estate sector rose 1.4%, backed by Aldar Properties and RAK Properties which grew 1.5% and 3.4% respectively.