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ADX hits 6 week-low

ADX hits 6 week-low
First Abu Dhabi Bank (FAB) tumbled 0.5%

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 1.24% or 53.87 points to 4,287.07 points in week, recording its sixth successive weekly decline.

Blue chips headed the market’s losers during the week, led by Etisalat, which dropped 2.7% to AED 16.15.

First Abu Dhabi Bank (FAB) tumbled 0.5% to AED 10.15, while Dana Gas stabilised at AED 0.72.

Over the week, the ADX’s trading volume surged to 279.69 million shares from 229 million shares in the week ended 16 November, while the market’s turnover soared to AED 608.73 million, compared to AED 449.2 million in the previous week.