United Arab Emirates shares lower at close of trade; DFM General down 0.08%

Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Telecoms , Insurance and Finance & Investment sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.08%, while the ADX General index lost 0.51%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 2.94% or 0.040 points to trade at 1.400 at the close. Deyaar Development PJSC (DU: DEYR ) added 1.51% or 0.007 points to end at 0.470 and AJMAN BANK PJSC (DU: AJBNK ) was up 1.00% or 0.010 points to 1.010 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 6.69% or 0.018 points to trade at 0.251 in late trade. Marka Pjse (DU: MARKA ) declined 3.93% or 0.01 points to end at 0.32 and SHUAA Capital PSC (DU: SHUA ) shed 2.48% or 0.025 points to 0.985.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 10.19% to 1.190, Al Khazna Ins (AD: AKIC ) which was up 4.35% to settle at 0.240 and International Holding Company PJSC (AD: IHC ) which gained 3.62% to close at 1.43.

The worst performers were Union Insurance Co PSC (AD: UNIN ) which was down 9.35% to 1.26 in late trade, Green Crs Ins (AD: GCIC ) which lost 6.98% to settle at 0.800 and Invest Bank AD (AD: INVB ) which was down 4.27% to 2.240 at the close.

Declining stocks outnumbered rising ones by 22 to 12 and 3 ended unchanged; on the Abu Dhabi, 15 fell and 8 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was unchanged 0.00% or 0.00 to $68.40 a barrel. Meanwhile, Brent oil for delivery in June fell 0.20% or 0.15 to hit $73.63 a barrel, while the June Gold Futures contract fell 0.84% or 11.30 to trade at $1337.50 a troy ounce.

USD/AED was up 0.00% to 3.6730, while EUR/AED fell 0.43% to 4.5141.

The US Dollar Index Futures was up 0.49% at 90.08.