By: Mahmoud Gamal

Dubai-Mubasher: Etisalat, Aldar Properties and First Gulf Bank (FGB) accounted for 62% of Abu Dhabi bourse’s liquidity by 12:40pm UAE time.

Etisalat was the value leader with a turnover of AED 16.03 million, representing 34.4% of the market’s liquidity. The stock fell 0.5% after trading 847,410 shares through 114 transactions.

Portfolio investors tended to decrease their positions in blue chips which reached their targets, especially with the approach of Eid Al Fitr holiday, capital market analyst Amir Mansour noted.

Aldar, which slid 0.4%, acquired 15% of the market’s turnover after generating AED 6.87 million. In addition, FGB declined 0.4% and accounted for 12.5% of the market’s liquidity.

Mansour advised investors not to pump new investments in local stocks until the markets stabilise in the awake of the Brexit vote.

Translated by: Julian Nabil