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

  • Investing.com
  • Stock Market News
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 Monday, as losses in the Real Estate & Construction , Insurance and Telecoms sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.27%, while the ADX General index declined 0.14%.

The biggest gainers of the session on the DFM General were Emirates NBD PJSC (DU: ENBD ), which rose 1.23% or 0.100 points to trade at 8.200 at the close. Gulf General Investments Company (DU: GGIC ) added 1.21% or 0.005 points to end at 0.417 and Dubai Islamic Insurance Co. (DU: AMAN ) was up 1.00% or 0.009 points to 0.905 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 2.53% or 0.050 points to trade at 1.930 in late trade. Islamic Arab Insurance Company (DU: SALAMA ) declined 1.61% or 0.009 points to end at 0.550 and Emaar Properties PJSC (DU: EMAR ) shed 1.42% or 0.120 points to 8.340.

The top performers on the ADX General were Invest Bank AD (AD: INVB ) which rose 14.65% to 2.270, Gulf Cement Co (AD: GCEM ) which was up 5.00% to settle at 1.0500 and Agthia Group (AD: AGTH ) which gained 4.60% to close at 5.23.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 1.32% to 0.750 in late trade, Aldar Properti (AD: ALDR ) which lost 1.25% to settle at 2.370 and First Abu Dhabi Bank PJSC (AD: FAB ) which was down 0.97% to 10.20 at the close.

Declining stocks outnumbered rising ones by 20 to 11 and 7 ended unchanged; on the Abu Dhabi, 12 rose and 6 declined, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was up 0.24% or 0.13 to $54.03 a barrel. Meanwhile, Brent oil for delivery in January rose 0.38% or 0.23 to hit $60.36 a barrel, while the December Gold Futures contract rose 0.04% or 0.56 to trade at $1272.36 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED rose 0.27% to 4.2750.

The US Dollar Index Futures was down 0.19% at 94.54.

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