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ADX sinks 9.52 pts Thursday

ADX sinks 9.52 pts Thursday
The telecommunication sector sank 0.28%

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index lost 0.21%, or 9.52 points, to 4,625.39 points.

The banks sector levelled down 0.49% after First Abu Dhabi Bank (FAB) fell 0.44%, while National Bank of Umm Al Qaiwain (NBQ) dropped 10%, leading the market’s losers.

The telecommunication sector and its only stock Etisalat sank 0.28% each.

Union Cement Company (UCC) led the ADX’s gainers, surging 10.67%.

On the other hand, the real estate sector added 1.67% after Eshraq Properties and Aldar Properties rose 2.63% and 1.75%, respectively.

The energy sector increased by 0.14%, as ADNOC Distribution grew 0.38%.

First Gulf Bank (FGB) was the most actively-traded stock on the ADX in terms of liquidity, with a turnover of AED 51.55 million, while Manazel Real Estate topped the market in terms of trading volume, with 20.05 million shares.