United Arab Emirates shares lower at close of trade; DFM General down 0.33%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 0.33%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.33%, while the ADX General index declined 0.37%.

The biggest gainers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU: CBD ), which rose 1.33% or 0.050 points to trade at 3.800 at the close. Mashreqbank PSC (DU: MASB ) added 1.30% or 1.00 points to end at 78.00 and Dubai Financial Market PJSC (DU: DFM ) was up 0.99% or 0.010 points to 1.020 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 9.90% or 0.04 points to trade at 0.37 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.48% or 0.007 points to end at 0.275 and AJMAN BANK PJSC (DU: AJBNK ) shed 1.87% or 0.020 points to 1.050.

The top performers on the ADX General were Sharjah Islami (AD: SIB ) which rose 10.62% to 1.250, Gulf Cement Co (AD: GCEM ) which was up 8.00% to settle at 1.0800 and Gulf Pharm Ind (AD: GPHI ) which gained 6.82% to close at 2.350.

The worst performers were United Arab Bk (AD: UAB ) which was down 8.70% to 1.050 in late trade, Methaq (AD: METH ) which lost 3.66% to settle at 0.790 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 3.17% to 0.6100 at the close.

Declining stocks outnumbered rising ones by 18 to 18 and 5 ended unchanged; on the Abu Dhabi, 15 rose and 11 declined, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 1.04% or 0.70 to $66.69 a barrel. Meanwhile, Brent oil for delivery in June fell 1.03% or 0.75 to hit $71.83 a barrel, while the June Gold Futures contract fell 0.13% or 1.70 to trade at $1346.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.22% to 4.5411.

The US Dollar Index Futures was down 0.28% at 89.26.

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