United Arab Emirates shares lower at close of trade; DFM General down 0.94%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 0.94%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.94%, while the ADX General index declined 0.04%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU: DFM ), which rose 0.96% or 0.010 points to trade at 1.050 at the close. Dubai Investments PJSC (DU: DINV ) added 0.94% or 0.020 points to end at 2.140 and National Central Cooling Co. (DU: TABR ) was up 0.63% or 0.010 points to 1.600 in late trade.

Biggest losers included Marka Pjse (DU: MARKA ), which lost 4.76% or 0.02 points to trade at 0.48 in late trade. Gulf General Investments Company (DU: GGIC ) declined 3.23% or 0.011 points to end at 0.330 and Emaar Properties PJSC (DU: EMAR ) shed 2.56% or 0.150 points to 5.700.

The top performers on the ADX General were Agthia Group (AD: AGTH ) which rose 6.65% to 4.49, Ad Natl Energy (AD: TAQA ) which was up 4.94% to settle at 0.850 and Gulf Pharm Ind (AD: GPHI ) which gained 3.91% to close at 2.390.

The worst performers were Ad Aviation (AD: ADAV ) which was down 6.47% to 2.890 in late trade, United Arab Bk (AD: UAB ) which lost 5.74% to settle at 1.150 and International Holding Company PJSC (AD: IHC ) which was down 2.03% to 1.45 at the close.

Declining stocks outnumbered rising ones by 22 to 13 and 4 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.38% or 0.25 to $65.19 a barrel. Meanwhile, Brent oil for delivery in June rose 0.59% or 0.41 to hit $69.75 a barrel, while the June Gold Futures contract rose 0.69% or 9.20 to trade at $1336.50 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED unchanged 0.00% to 4.5260.

The US Dollar Index Futures was down 0.22% at 89.55.

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