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ADX down on Sunday; market cap exceeds AED 542bn

ADX down on Sunday; market cap exceeds AED 542bn
A total of 18.65 million shares were exchanged

Abu Dhabi – Mubasher: The main index of Abu Dhabi Securities Exchange (ADX) went down by 0.28% or 14.67 points to 5,230.01 points by the end of Sunday’s trading session, compared to its upward performance on Thursday, 23 January.

A total of 18.65 million shares were exchanged through 638 transactions at a value of AED 52.47 million.

The market cap value decreased by around AED 280 million to AED 542.07 billion from AED 542.35 billion in the previous session.

Meanwhile, the banks, energy, and telecommunications sectors retreated by 0.56%, 0.36%, and 0.24%, respectively, while the real estate segment increased by 0.55%.

Abu Dhabi National Company for Building Materials (BILDCO) topped the losing stocks with 10%, while the National Marine Dredging Company led the gainers with 14.83%.

At the same time, International Holdings Company posted the highest turnover of AED 9.42 million, while Sharjah Islamic Bank (SIB) recorded the highest volume of 3.90 million shares.

Dana Gas, Abu Dhabi Islamic Bank (ADIB), First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), and Emirates Telecommunication Group (Etisalat) inched down by 0.86%, 0.52%, 0.63%, 0.25%, and 0.24%, respectively.

As for the rising blue chips, Aldar Properties increased by 0.45%, followed by Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) with 0.32%.