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ADX sees negative performance this week

ADX sees negative performance this week
The main index lost 0.67% - (Photo Credit: Arabianeye-Reuters)

Abu Dhabi - Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a negative performance this week, as the main index was dragged down by the losses of energy and telecom sectors.

Abu Dhabi General Index (ADI) lost 0.67% or 28.63 points and closed at the level of 4265.83 points.

ADX’s performance came in line with the contrast in trade activity, as total turnover reached AED 565.11 million compared to AED 534.3 million last week, while traded volumes declined to 247.46 million shares from 290.03 million shares in the previous week.

The energy sector dropped 3.3% as Taqa lost 3.12%, while real estate decreased 1.03% with Eshraq and Aldar falling by 3.8% and 0.7% respectively.

Meanwhile, the telecom sector retreated 0.25% as Etisalat slipped the same percentage.