Abu Dhabi index falls over 6-week low as banks drag

Abu Dhabi index fell the most in the region led by leading banks, etisalat in the backdrop of weak international leads.

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Abu Dhabi index fell the most in the region led by leading banks, etisalat in the backdrop of weak international leads.

The Abu Dhabi Securities Exchange General index closed 1.77 per cent lower at 4,446.21, after hitting a low of 4,441.37, a level last seen on December 22.

“There was a bit of profit-taking. Some people were worried about international markets. Traders are worried about international sentiment and policies from Trump,” Ahmed Waheed, Vice President — Institutional Desk at Menacorp said.

National Bank of Abu Dhabi, First Gulf Bank, Etisalat weighed on the index.

NBAD closed 1.32 per cent lower at Dh9.75, while Fiest Gulf Bank closed 3.08 per cent lower at Dh12.60. Sharjah Islamic Bank closed 4.40 per cent lower at Dh1.52. Abu Dhabi Commercial Bank closed 1 per cent lower at Dh6.91. More info

By Siddesh Suresh Mayenkar, Senior Reporter  gulfnews.com

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