Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a negative performance on Tuesday, dragged down by the fall of blue chips in the energy and banks sectors

The main index fell 0.46% or 20.83 points to reach 4,474.07 points.

The market is expected to continue its fluctuations due to the lack of catalysts, in line with investors’ anticipation of the performance of global bourses and political tensions in the US, according to Raed Diab, vice president of investment research at KAMCO.

The energy sector retreated 3.91% as Dana Gas and TAQA went down 4.48% and 1.61%, respectively.

The banks sector sank 0.73% after Sharjah Islamic Bank, First Abu Dhabi Bank (FAB), and Abu Dhabi Islamic Bank (ADIB) slid 2.40%, 1.41%, and 0.27%, respectively.

Trading volume reached 58.04 million shares on Tuesday, compared to 97.9 million shares on Monday. Turnover stood at AED 66.27 million, compared to AED 158.3 million.

Manazel Real Estate was the most active stock after trading 31.9 million shares, with a turnover of AED 17.1 million.

The main index will target 4,450 points, Diab added.