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Banks stocks weigh on ADX Monday

Banks stocks weigh on ADX Monday
The ADX’s general index tumbled 47.41 points

Abu Dhabi – Mubasher: The Abu Dhabi Financial Market (ADX) closed Monday’s trading session on a negative note, pressured by the declining blue-chip stocks, particularly the banks.

The ADX’s general index tumbled 47.41 points, or 0.93%, to 5,075.30 points.

Trading volume amounted to 41.56 million shares that were exchanged through 1,556 transactions at a turnover of AED 131.221 million.

Market capitalisation shed AED 4.37 billion and closed the session at $520.547 billion.

The banks sector shed 1.17%, followed by the telecommunication sector that fell by 1.08%.

Similarly, the real estate sector went down by 0.93% and the energy sector slid 0.83%.

First Abu Dhabi Bank (FAB) was the most active stock by value with a turnover of AED 38.32 million, while Abu Dhabi Ship Building was the most active stock by volume after seeing a trading volume of 11.92 million shares.