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United Arab Emirates shares lower at close of trade; DFM General down 1.01%

Published 05-11-2017, 04:45 pm
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 1.01%
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Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Finance & Investment, Consumer Staples and Real Estate & Construction sectors propelled shares lower.

At the close in Dubai, the DFM General lost 1.01% to hit a new 1-month low, while the ADX General index declined 0.32%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU:TKFE), which rose 9.68% or 0.180 points to trade at 2.040 at the close. National Cement Company P.S.C. (DU:NCC) added 4.17% or 0.120 points to end at 3.000 and ARAMEX PJSC (DU:ARMX) was up 0.79% or 0.040 points to 5.100 in late trade.

Biggest losers included Drake & Scull International PJSC (DU:DSI), which lost 4.52% or 0.090 points to trade at 1.900 in late trade. Islamic Arab Insurance Company (DU:SALAMA) declined 2.70% or 0.015 points to end at 0.540 and Deyaar Development PJSC (DU:DEYR) shed 2.60% or 0.014 points to 0.524.

The top performers on the ADX General were Rak Cement Co (AD:RKCC) which rose 2.74% to 0.750, Agthia Group (AD:AGTH) which was up 1.54% to settle at 5.28 and Sharjah Islami (AD:SIB) which gained 1.45% to close at 1.400.

The worst performers were Al Khazna Ins (AD:AKIC) which was down 6.45% to 0.290 in late trade, Gulf Cement Co (AD:GCEM) which lost 3.88% to settle at 0.9900 and Eshraq Properties Co PJSC (AD:ESHR) which was down 3.80% to 0.7600 at the close.

Declining stocks outnumbered rising ones by 28 to 4 and 4 ended unchanged; on the Abu Dhabi, 14 fell and 3 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was up 2.18% or 1.19 to $55.73 a barrel. Meanwhile, Brent oil for delivery in January rose 2.52% or 1.53 to hit $62.15 a barrel, while the December Gold Futures contract fell 0.53% or 6.72 to trade at $1271.38 a troy ounce.

USD/AED was unchanged 0.00% to 3.6728, while EUR/AED fell 0.46% to 4.2631.

The US Dollar Index Futures was up 0.22% at 94.83.

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