Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a negative performance in the week ended 11 May, amid higher trades.

The general index fell 0.19% or 8.88 points to reach 4,608.28 points.

Turnover amounted to AED 1.15 billion this week, compared to AED 756.61 million last week. Trading volume reached 382.14 million shares, compared to 318.35 million shares.

Market capitalisation gained this week AED 660 million to AED 475.94 billion from AED 475.28 billion last week.

The banks sector fell 1.19% as First Abu Dhabi Bank decreased 2.17%, while National Bank of Ras Al Khaima and United National Bank slipped 4.56% and 3.11%, respectively.

The consumer staples led the losing sectors and declined 3.51%, dragged by Agthia Group and International Fish Farming Holding which lost 3.41% and 0.63%, respectively. .

On the other hand, the services sector recorded the highest gains and grew 3.20% as Gulf Medical Projects hiked 32%.

The real estate sector rose 1.55% as Aldar increased 3.17%, while Eshraq decreased 4.46%.

The energy sector levelled up 1.79% supported by Taqa which hiked 6.8%.

The telecom sector added 0.85% after Etisalat went up by the same percentage.