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ADX down on Wednesday; market cap loses AED 5.12bn

ADX down on Wednesday; market cap loses AED 5.12bn
The banks sector headed the decliners with 2.54%

Abu Dhabi – Mubasher: Abu Dhabi Securities Exchange (ADX) decreased by 1.56% or 61.40 points to 3,866.84 points by the end of Wednesday's trading session, reversing its positive performance on Tuesday, 7 April.

The market cap value retreated by around AED 5.12 billion to AED 421.32 billion from AED 426.44 billion during the previous session.

A total of 39.28 million shares were traded through 2,234 transactions at a total value of AED 124.05 million.

The banks sector headed the decliners with 2.54%, while the telecommunications segment marginally rose by 0.14%.

 Gulf Pharmaceutical Industries Company (Julphar) topped the losing stocks with 5%, while Al Qudra Holding led the rising stocks with 14.4%.

Abu Dhabi Commercial Bank (ADCB) posted the highest turnover of AED 28.01 million, while Aldar Properties was the most active stock with 9.73 million shares.

Meanwhile, First Abu Dhabi Bank (FAB) declined by 2.86%, while Emirates Telecommunications Group (Etisalat) rose by 0.14%.