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Blue chips push ADX down at close Sunday

Blue chips push ADX down at close Sunday
The ADX closed Sunday in the red zone after decreasing 0.33% or 14.84 points to reach 4,440.25 points

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Sunday in the red zone after decreasing 0.33% or 14.84 points to reach 4,440.25 points.

Leading stocks push the index down, whereas the banks sector rose 0.24% after First Abu Dhabi Bank’s stock increased 0.48%.

The real estate sector fell 1.88% as Sharjah Group’s stock retreated 10%, followed by Aldar Properties with 2.17%, Manazel Real Estate with 1.92%, and RAK Properties with 1.39%.

The telecommunication sector shed 0.28% after Emirates Telecommunications Group’s (Etisalat) stock declined 0.28%.

The ADX’s trading volume stood at 53.2 million shares, through 788 transactions, generating AED 75.2 million.

Dana Gas’ stock led the ADX in terms of traded volume after 27.8 million shares were exchanged, with a liquidity of AED 21.1 million.