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Blue chips push ADX down at Wednesday’s close

Blue chips push ADX down at Wednesday’s close
the telecommunication sector and its only stock Emirates Telecommunications Group “Etisalat”, shed 0.81%, each

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) finished Wednesday’s trading activities with a negative performance after plunging 1.38%, or 67.77 points, reaching 4,830.38 points, dragged by blue chips, to record its lowest level since mid of August.

The ADX’s liquidity slumped to AED 156.891 million, from AED 1.147 billion, while traded volume reached 33.66 million shares, compared to 193.414 million in the session before.

The real estate sector pushed the bourse down after falling 2.16% as Eshraq Properties’ stock decreased 3.11%, while Aldar Properties’ stock lost 2.50%.

The banks sector went down 1.84% after the stocks of First Abu Dhabi Bank (FAB) and Abu Dhabi Commercial Bank (ADCB) tumbled 2.27%, and 1.72%, respectively.

The energy sector levelled down 1.25% as Abu Dhabi National Oil Company for Distribution’s (ADNOC Distribution) stock retreated 3.43%, while the telecommunication sector and its only stock Emirates Telecommunications Group “Etisalat”, shed 0.81%, each.

On the other hand, the investment and financial services sector increased 5.61% as Waha Capital’s stock rose 6.06%.