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United Arab Emirates shares lower at close of trade; DFM General down 0.35%

Published 27-03-2018, 04:45 pm
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 0.35%
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Investing.com – United Arab Emirates equities were lower at the close on Tuesday, as losses in the Consumer Staples, Finance & Investment and Real Estate & Construction sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.35% to hit a new 52-week low, while the ADX General index fell 0.84%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU:NCC), which rose 14.81% or 0.400 points to trade at 3.100 at the close. Emirates NBD PJSC (DU:ENBD) added 4.85% or 0.500 points to end at 10.800 and ARAMEX PJSC (DU:ARMX) was up 0.95% or 0.040 points to 4.250 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU:DXBE), which lost 7.84% or 0.040 points to trade at 0.470 in late trade. Marka Pjse (DU:MARKA) declined 3.54% or 0.02 points to end at 0.49 and Gulf General Investments Company (DU:GGIC) shed 2.94% or 0.010 points to 0.330.

The top performers on the ADX General were Invest Bank AD (AD:INVB) which rose 6.38% to 2.500, Ad Commercial (AD:ADCB) which was up 3.85% to settle at 6.75 and Agthia Group (AD:AGTH) which gained 2.82% to close at 4.38.

The worst performers were United Arab Bk (AD:UAB) which was down 9.63% to 1.220 in late trade, Ad Natl Energy (AD:TAQA) which lost 6.25% to settle at 0.750 and Eshraq Properties Co PJSC (AD:ESHR) which was down 5.33% to 0.7100 at the close.

Declining stocks outnumbered rising ones by 31 to 6 and 3 ended unchanged; on the Abu Dhabi, 14 fell and 9 advanced, while 2 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.35% or 0.23 to $65.78 a barrel. Meanwhile, Brent oil for delivery in June rose 0.36% or 0.25 to hit $69.77 a barrel, while the April Gold Futures contract fell 0.73% or 9.90 to trade at $1345.10 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.41% to 4.5540.

The US Dollar Index Futures was up 0.49% at 89.07.

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