United Arab Emirates shares lower at close of trade; DFM General down 0.31%

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United Arab Emirates shares lower at close of trade; DFM General down 0.31%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.31%, while the ADX General index declined 0.07%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 2.62% or 0.023 points to trade at 0.900 at the close. Takaful Emarat PSC (DU: TKFE ) added 1.74% or 0.030 points to end at 1.750 and Emaar Malls (DU: EMAA ) was up 1.10% or 0.020 points to 1.830 in late trade.

Biggest losers included National Central Cooling Co. (DU: TABR ), which lost 3.80% or 0.060 points to trade at 1.520 in late trade. DXB Entertainments (P.J.S.C.) (DU: DXBE ) declined 3.27% or 0.012 points to end at 0.355 and Drake & Scull International PJSC (DU: DSI ) shed 2.56% or 0.010 points to 0.380.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which rose 11.63% to 0.480, Rak Properties (AD: RPRO ) which was up 2.00% to settle at 0.612 and Union Natl Bk (AD: UNB ) which gained 1.42% to close at 5.000.

The worst performers were Union Insurance Co PSC (AD: UNIN ) which was down 9.84% to 1.65 in late trade, Agthia Group (AD: AGTH ) which lost 7.97% to settle at 4.50 and Eshraq Properties Co PJSC (AD: ESHR ) which was down 3.17% to 0.5500 at the close.

Declining stocks outnumbered rising ones by 24 to 12 and 3 ended unchanged; on the Abu Dhabi, 9 fell and 8 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 1.68% or 1.19 to $71.97 a barrel. Meanwhile, Brent oil for delivery in December rose 2.31% or 1.81 to hit $80.05 a barrel, while the December Gold Futures contract rose 0.25% or 3.00 to trade at $1204.30 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.14% to 4.3222.

The US Dollar Index Futures was down 0.12% at 93.68.

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