By: Enas Bahgat

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange’s (ADX) general index has suffered from a lack of market-moving drivers during the week ended 26 April, which led it to lose 35.53 points, or 0.75%, to closed 4,697.23 points.

The ADX’s trading volume increased to 343.134 million shares from 272.762 million in the previous week, while the market’s liquidity went up to AED 560.138 million versus AED 524.19 million a week earlier.

The ADX’s liquidity is still low and has been declining since the beginning of the year due to the absence of real incentives that could attract investment portfolios back to the market, senior financial analyst at Mena Corp Issam Kassabieh commented.

The UAE capital’s stock market has been suffering lately from fluctuations, as investors await first quarter results in anticipation, vice president of Investment Research at KAMCO Raed Diab told Mubasher.

The energy sector lost 2.16% after Adnoc Distribution shed around 0.81%, while the real estate sector went down 1.71%, as RAK Properties sank 1.52%.

In a similar vein, the telecommunication sector and its only stock, Etisalat, levelled down 0.86% each.

The banks sector declined 0.6% after First Abu Dhabi Bank (FAB) and Union National Bank (UNB) fell 0.4% and 0.54%, respectively.

Translated by: Muhammad Khalid