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ADX closes Sunday unchanged despite 3-sector rise

ADX closes Sunday unchanged despite 3-sector rise
ADX closes Sunday unchanged despite 3-sector rise

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) ended Sunday on a stable note at 4,918.08 points, despite gains in three leading sectors, namely: real estate, energy, and banks.

Turnover fell to AED 102.410 million on Sunday from AED 173.686 million on Thursday, while volume decreased to 42.96 million shares against 77.9 million.

The ADX’s market capitalisation lost around AED 819 million ($222.942 million) to close at AED 491.181 billion ($133.706 billion) compared to Thursday’s closing at AED 492 billion ($134 billion).

The telecom sector and its only stock Etisalat shed 1.44% each, while the consumer staples sector fell 2.46%.

On the positive side, the real estate sector grew 2.33% after RAK Properties and Eshraq Properties gained 1.15% and 0.87%, respectively, while the energy sector grew 0.49% after Abu Dhabi National Energy Co “TAQA” jumped 6.19%.

Moreover, the banks sector added 0.31% after First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) increased 0.56% and 0.39%, respectively.