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Real estate, banks stocks weigh on ADX on Sunday

Real estate, banks stocks weigh on ADX on Sunday
Market capitalisation lost AED 1.25 million

Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Sunday’s trading session on a negative note, dragged down by the real estate and banks stocks.

The ADX’s general index shed 15.53 points, or 0.31%, to 5,039.13 points.

Trading volume amounted to 67.517 million shares exchanged at a turnover of AED 87.814 million through 836 transactions.

Market capitalisation lost AED 1.25 million and closed at AED 514.903 billion.

The real estate sector fell by 0.70% as Aldar Properties went down by 0.90%, followed by the banks sector which levelled down 0.65% as Abu Dhabi Commercial Bank (ADCB) slid 0.24% to AED 8.30.

On the other hand, the telecommunication and the energy sectors added 0.62% and 0.05%, respectively.

First Abu Dhabi Bank (FAB) was the most heavily traded stock with a turnover of AED 11.789 million.

Additionally, Dana Gas’ stock remained stable at AED 1.01, while Abu Dhabi Islamic Bank (ADIB) levelled up 0.61% to AED 4.97.