Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has witnessed a downward trend during August 2019 amid the growing selling pressures on some of the blue-chip stocks.

The monthly performance of the UAE stock markets was negatively impacted by the US-China trade war, expected to lead to a global recession, analysts told Mubasher.

The ADX’s general index closed August down by 152.32 points, or 2.8%, at 5,165.57 points.

Most of the blue-chips stocks went down this months including Aldar Properties, Dana Gas, and ADNOC Distribution that slipped by 0.45%, 0.41%, and 0.37%, respectively.

Market capitalisation shrank by 13.5 billion to AED 528.48 billion in August, versus AED 541.97 billion in July.