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ADX sheds 40 pts in week

ADX sheds 40 pts in week
The energy sector went down 4%

Abu Dhabi – Mubasher: The general index of the Abu Dhabi Securities Exchange (ADX) lost 39.9 points, or 0.8%, to 4,963.69 points in a week.

Market capitalisation declined to AED 506.357 billion over the week, compared to AED 511.84 billion a week earlier.

The energy sector went down 4%, while the banking, real estate, and telecom sectors sank 1%, 0.2%, and 0.12%, respectively.

Abu Dhabi Commercial Bank (ADCB), Dana Gas, and Manazel dropped 7.78%, 7.85%, and 8.83%, respectively.

Meanwhile, Taqa decreased by 3.45% and Waha Capital retreated 2.56%.