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Geopolitical risks drag down ADX on Thursday

Geopolitical risks drag down ADX on Thursday
The ADX’s general index slid 0.54%, finishing the session at 4,963.69 points

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has closed Thursday’s trading session in red territory, pressured by the recent geopolitical tensions.

The ADX’s general index slid 0.54%, finishing the session at 4,963.69 points.

Trading volume amounted to around 35.898 million shares exchanged at a turnover of AED 151.626 million, versus 35.10 million shares exchanged at a turnover of AED 181.18 million on Wednesday’s trading session.

The real estate sector topped declining sector with 3.8% as Taqa and Dana Gas went down 9.39% and 0.307% pressured by the recent oil tankers explosion in the Gulf of Oman.

Furthermore, the energy, investment, and banks sector that fell by 2.78%, 1.91%, and 0.45%, respectively.

Most of the blue-chip stocks fell, including First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), and Aldar Properties which dipped 0.02%, 0.2%, or 0.07%, respectively.

Market capitalisation lost 2.341 billion and closed at AED 506.357 billion.

Earlier this day, two tankers were struck in suspected attacks in the Gulf of Oman and the crew have been evacuated.