Abu Dhabi: The Abu Dhabi Securities Exchange (ADX) general index fell 1.22 per cent Sunday as investors dumped stocks and booked profits due to generally negative market sentiments.
The ADX general index closed at 2,674.04 on Sunday, the decline being led by energy, real estate, banking and telecommunication stocks.
Analysts say there are no triggers for an upward market movement as of now, but with fourth quarter earnings of blue-chip companies expected this month, the bullishness may return to the market.
Overall in 2009, the ADX general index gained 14.79 per cent despite highly volatile market conditions triggered by the turmoil on global financial markets, dwindling liquidity and Dubai's debt issues.
Yesterday, 132.85 million shares worth a combined Dh234 million traded on the ADX, the value and the volume of transactions being much lower than Wednesday.
Of the 28 companies whose stocks traded, only 4 advanced, while 21 declined and 3 remained unchanged.
Umm Al-Qaiwain was the day’s top gainer, its stock value rising 1.56 per cent to Dh0.64.
The day's top loser was Union National Bank, its stock declining 5.92 per cent to Dh2.70.
On Sunday, shares of Aldar Properties were the most active in terms of value and the volume of transactions on the ADX.
