United Arab Emirates shares lower at close of trade; DFM General down 0.27%

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United Arab Emirates shares lower at close of trade; DFM General down 0.27%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Banking , Transport and Consumer Staples sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.27% to hit a new 52-week low, while the ADX General index lost 1.09%.

The biggest gainers of the session on the DFM General were Arabtec Holding PJSC (DU: ARTC ), which rose 8.75% or 0.140 points to trade at 1.740 at the close. Drake & Scull International PJSC (DU: DSI ) added 4.76% or 0.050 points to end at 1.100 and Amanat Holdings PJSC (DU: AMANT ) was up 2.29% or 0.030 points to 1.340 in late trade.

Biggest losers included Dubai Insurance Co PSC (DU: DINC ), which lost 2.86% or 0.100 points to trade at 3.400 in late trade. Amlak Finance PJSC (DU: AMLK ) declined 2.67% or 0.020 points to end at 0.730 and National Central Cooling Co. (DU: TABR ) shed 1.72% or 0.030 points to 1.710.

The top performers on the ADX General were Methaq (AD: METH ) which rose 4.05% to 0.770, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 3.33% to settle at 0.620 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 2.82% to close at 0.7300.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 10.00% to 2.70 in late trade, National Marine Dredging PSC (AD: NMDC ) which lost 9.97% to settle at 2.800 and Abd Nat Takafu (AD: TKFL ) which was down 9.44% to 4.70 at the close.

Advancing stocks outnumbered falling ones by 19 to 15 and 4 ended unchanged; on the Abu Dhabi, 15 fell and 7 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.51% or 0.36 to $71.50 a barrel. Meanwhile, Brent oil for delivery in July rose 0.13% or 0.10 to hit $77.31 a barrel, while the June Gold Futures contract rose 0.22% or 2.90 to trade at $1315.90 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.25% to 4.3638.

The US Dollar Index Futures was down 0.12% at 92.84.

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