The Abu Dhabi Securities Exchange ended Tuesday in the red for the third successive session as the benchmark index declined by 0.6% or 30.73 pts to 5119.07 pts. A total of 54.937 million shares traded today at a turnover of AED 247.763 million as 1758 transactions were executed.

A total of 33 companies traded, of which 13 were in the green, 15 in the red and 5 remained unchanged.

The ADX’s decline came due to a semi-collective sector decline led by the energy, investment and banking sectors, which fell by 1.26%, 0.97% and 0.95%, respectively. The industrial, telecommunications and services sectors were the only gainers, adding 1.22%, 0.43% and 0.37%, respectively.

Emirates Driving surged by 10.47%, whereas Takaful plunged by 9.91%.

Experts attributed Tuesday’s declines to several reasons. The first being investors awaiting upcoming initial public offerings (IPOs) that are expected in UAE markets this week, added to profit-taking by speculators on a number of shares, whose prices rose significantly during the past sessions. Furthermore, experts attributed the decline to investors awaiting companies’ Q3-14 financials.