United Arab Emirates shares lower at close of trade; DFM General down 0.34%

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United Arab Emirates shares lower at close of trade; DFM General down 0.34%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.34%, while the ADX General index fell 0.45%.

The biggest gainers of the session on the DFM General were SHUAA Capital PSC (DU: SHUA ), which rose 7.41% or 0.080 points to trade at 1.160 at the close. Gulf General Investments Company (DU: GGIC ) added 2.44% or 0.010 points to end at 0.420 and Deyaar Development PJSC (DU: DEYR ) was up 1.32% or 0.007 points to 0.538 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 7.14% or 5.00 points to trade at 65.00 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 1.67% or 0.020 points to end at 1.180 and Marka Pjse (DU: MARKA ) shed 1.57% or 0.01 points to 0.69.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 6.90% to 0.310, Gulf Cement Co (AD: GCEM ) which was up 1.98% to settle at 1.0300 and Rak Cement Co (AD: RKCC ) which gained 1.39% to close at 0.730.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.87% to 2.100 in late trade, Aldar Properti (AD: ALDR ) which lost 1.27% to settle at 2.340 and Agthia Group (AD: AGTH ) which was down 0.95% to 5.20 at the close.

Advancing stocks outnumbered falling ones by 16 to 15 and 6 ended unchanged; on the Abu Dhabi, 8 fell and 8 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was unchanged 0.00% or 0.00 to $54.30 a barrel. Meanwhile, Brent oil for delivery in January fell 0.40% or 0.24 to hit $60.25 a barrel, while the December Gold Futures contract rose 0.01% or 0.10 to trade at $1277.40 a troy ounce.

USD/AED was down 0.00% to 3.6728, while EUR/AED rose 0.27% to 4.2786.

The US Dollar Index Futures was down 0.19% at 94.52.

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