ICEC

ADX General Index Off 0.33%, Taqa 3.20% Lower

The Abu Dhabi Securities Exchange (ADX) General Index closed off 0.33% Monday, at 2,503.82 points.

Abu Dhabi National Energy Company or Taqa plummeted 3.20% to Dhs1.25 ($0.34). The emirate’s second developer Sorouh Real Estate fell 1.74% to Dhs1.13 ($0.31). On Sunday, Sorouh announced that its net profit for the first quarter surged 22% year-on-year to reach Dhs76.3 million ($20.79 million).

Like in Dubai, trading activity remained low as 41.6 million shares were traded, valued at Dhs63.1 million ($17.19 million).

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