United Arab Emirates shares lower at close of trade; DFM General down 0.15%

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United Arab Emirates shares lower at close of trade; DFM General down 0.15%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Services , Real Estate & Construction and Consumer Staples sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.15%, while the ADX General index declined 0.70%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 3.45% or 0.150 points to trade at 4.500 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 3.00% or 0.012 points to end at 0.412 and Gulf General Investments Company (DU: GGIC ) was up 1.83% or 0.005 points to 0.278 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 3.49% or 0.023 points to trade at 0.636 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 2.77% or 0.019 points to end at 0.666 and Takaful Emarat PSC (DU: TKFE ) shed 2.73% or 0.060 points to 2.140.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 9.38% to 1.050, Finance House (AD: FH ) which was up 3.09% to settle at 1.670 and Sharjah Islami (AD: SIB ) which gained 2.50% to close at 1.230.

The worst performers were Invest Bank AD (AD: INVB ) which was down 9.33% to 2.040 in late trade, Rak Cmt & Cons (AD: RAKC ) which lost 7.41% to settle at 0.750 and Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 5.66% to 0.500 at the close.

Declining stocks outnumbered rising ones by 21 to 11 and 5 ended unchanged; on the Abu Dhabi, 11 fell and 11 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.89% or 0.60 to $67.06 a barrel. Meanwhile, Brent oil for delivery in October fell 0.58% or 0.42 to hit $71.97 a barrel, while the December Gold Futures contract fell 0.30% or 3.70 to trade at $1223.90 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.38% to 4.2671.

The US Dollar Index Futures was up 0.31% at 94.75.

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