Major stocks decline on the Abu Dhabi Stock Exchange at the end of trading


Abu Dhabi – Mubasher: The general index of Abu Dhabi Securities Exchange declined at the end of trading on Thursday, in conjunction with the decline in the shares of First Abu Dhabi Bank by 0.72 percent.

According to market data, the index fell by 0.38 percent, equivalent to 16.38 points, to reach the index to the level of 4295.48 points, consistent with Negative performance in yesterday’s session.

The stock market witnessed trading of 48.17 million shares, valued at 125.51 million dirhams, after the implementation of 1950 transactions.

Although the stock market incurred losses at the end of today’s session, the market value increased by 2.87 billion dirhams to 593.64 billion dirhams, compared to 590.77 billion dirhams in yesterday’s session.

The banking and telecommunications sectors fell 0.50 percent and 0.12 percent, respectively, while the energy sector rose 0.96 percent, and the real estate sector rose 0.52 percent.

And the list of shares that fell the most in the shares of Arkan Building Materials Company by 4.87 percent, while came in the forefront of the most profitable shares, Abu Dhabi National Energy Company (TAQA) by 4.32 percent.

The most active shares in terms of volume and value of trading was Aldar Properties, after trading 13.98 million shares with liquidity amounting to 25.29 million dirhams.

Abu Dhabi Islamic Bank shares fell 0.79 percent, and Emirates Telecommunications Group (Etisalat) decreased 0.12 percent.

On the other hand, Abu Dhabi Commercial Bank shares rose by 0.60 percent, Aldar Properties by 0.56 percent, Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) by 0.33 percent, and Dana Gas by 0.15 percent.


Dubai Stock Exchange declined marginally at the end of trading


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