United Arab Emirates shares lower at close of trade; DFM General down 1.23%

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United Arab Emirates shares lower at close of trade; DFM General down 1.23%
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 Finance & Investment sectors propelled shares lower.

At the close in Dubai, the DFM General declined 1.23%, while the ADX General index lost 0.95%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU: DFM ), which rose 1.53% or 0.015 points to trade at 0.994 at the close. Takaful House (DU: DTKF ) added 1.43% or 0.009 points to end at 0.639 and ARAMEX PJSC (DU: ARMX ) was up 1.27% or 0.050 points to 4.000 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 9.89% or 0.074 points to trade at 0.674 in late trade. Union Properties PJSC (DU: UPRO ) declined 3.95% or 0.030 points to end at 0.730 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) shed 3.81% or 0.013 points to 0.328.

The top performers on the ADX General were Sharjah Cement AD (AD: SCID ) which rose 13.19% to 1.030, Rak Ceramics (AD: RKCE ) which was up 2.06% to settle at 2.480 and Sharjah Islami (AD: SIB ) which gained 0.87% to close at 1.160.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 9.37% to 0.5800 in late trade, Gulf Cement Co (AD: GCEM ) which lost 7.00% to settle at 0.9300 and Agthia Group (AD: AGTH ) which was down 4.51% to 4.66 at the close.

Declining stocks outnumbered rising ones by 28 to 7 and 1 ended unchanged; on the Abu Dhabi, 15 fell and 5 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was down 0.01% or 0.01 to $74.14 a barrel. Meanwhile, Brent oil for delivery in September fell 0.57% or 0.45 to hit $78.78 a barrel, while the August Gold Futures contract fell 0.37% or 4.60 to trade at $1249.90 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.39% to 4.2755.

The US Dollar Index Futures was up 0.35% at 94.56.

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