ADX falls Wednesday amid lack of catalysts

ADX falls Wednesday amid lack of catalysts
Trading volume reached 116.8 million shares on Wednesday

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) saw a bearish performance on Wednesday, amid investors’ tendency to decrease their positions.

The market’s decline was mainly attributed to investors’ lack of confidence, amid anticipations for new catalysts, financial analyst Mahmoud Ziad told Mubasher.

The markets ignored positive news announced by some companies led by Aldar Properties at the Cityscape Global 2017, Ziad said.

The main index was backed by the rise of blue chips topped by Aldar Properties, Abu Dhabi Islamic Bank (ADIB), and Abu Dhabi Islamic Bank (ADIB) which gained 1.3%, 0.5%, and 0.48%, respectively.

Trading volume reached 116.8 million shares on Wednesday, compared to 144.29 million shares on Tuesday. Turnover amounted to AED 240.9 million, compared to AED 236.08 million.

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Source: Mubasher

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