By: Enas Bahgat

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index shed 17.11 points, or 0.38%, to finish at 4,525.42 points on Tuesday on the back of profit-taking.

The ADX’s trading volume increased to 63.26 million shares from 40.83 million on Monday, while the market’s liquidity nearly doubled to AED 152.55 million against AED 70.52 million in the previous session.

The situation in the ADX is unclear while fluctuation has the upper hand, which can be accounted for, taking lack of market-boosting catalysts and positive news in general into consideration, vice president of Investment Research at KAMCO Raed Diab said.

The real estate sector dropped 2.55% after Aldar Properties, RAK Properties, and Eshraq Properties levelled down 2.7%, 2.44%, and 1.39%, respectively.

The energy sector went down 1.08%, as TAQA plunged 6.85% and ADNOC Distribution sank 0.38%.

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

In the same vein, the banks sector slipped 0.06%, as Union National Bank (UNB) dropped 4.91% and RAKBank declined 0.84%.

Aldar Properties was the most actively-traded stock in terms of both volume and liquidity, with 18.8 million traded shares and a turnover of AED 40.71 million, through 392 transactions.

Translated by: Muhammad Khalid