The shares of companies from the UAE declined at the beginning of the week under the pressure of the shares of the largest banks and financial institutions. The ADX index decreased by 0.4%, reaching a marking of 6685.68 points.
The most significant decline was recorded in the shares of the largest banking institutions, such as First Abu Dhabi Bank (FAB), Emirates NBD, and also in other financial companies. FAB shares fell by 0.9%, Emirates NBD - by 0.4%.
"We see a noticeable drop in the shares of the largest financial institutions, which indicates pressure on the index," analysts comment.
On the other hand, the shares of some industrial companies showed growth, which helped mitigate the overall decline of the index.
