Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) erased its morning gains to close in the red zone on Thursday, pressured by a decrease in five sectors, led by telecom, banks, and real estate.

The general index fell 0.62% or 28.13 points to 4,512.91 points.

Five sectors went down, led by telecommunications as its stock Etisalat lost 2.24%.

Consumer goods fell 1.11%, as Asmak declined 0.60%, while real estate dropped by 0.94%, after Aldar fell 1.83%.

The banking sector declined 0.07%, driven by a decline of four stocks, led by the National Bank of Fujairah (NBF), which plunged 9.35%.

On the other hand, three sectors went up, led by the industrial sector, rising 2.35%, as Arkan gained 6.06%.

National Marine Dredging led fallers, sliding 11.1%.

Trading volume rose to 76.65 million shares on Thursday from 54.08 million on Wednesday, while liquidity dropped to AED 164.39 million from AED 200.04 million.

Eshraq, up 2.63%, led in terms of trading volume with 40.92 million shares, while the National Bank of Abu Dhabi (NBAD), up 0.46%, led in terms of liquidity with AED 53.71 million.