United Arab Emirates shares lower at close of trade; DFM General down 1.83%

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United Arab Emirates shares lower at close of trade; DFM General down 1.83%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 1.83% to hit a new 52-week low, while the ADX General index declined 1.69%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 2.78% or 0.050 points to trade at 1.850 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 2.61% or 0.017 points to end at 0.668 and AJMAN BANK PJSC (DU: AJBNK ) was up 1.02% or 0.010 points to 0.990 in late trade.

Biggest losers included Damac Properties Dubai Co PSC (DU: DAMAC ), which lost 7.09% or 0.180 points to trade at 2.360 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 5.26% or 0.060 points to end at 1.080 and National Cement Company P.S.C. (DU: NCC ) shed 4.26% or 0.120 points to 2.700.

The top performers on the ADX General were Abd Nat Takafu (AD: TKFL ) which rose 8.51% to 5.10, Dana Gas (AD: DANA ) which was up 6.19% to settle at 1.030 and Emirates Ins C (AD: EIC ) which gained 5.60% to close at 6.60.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.48% to 1.910 in late trade, Gulf Pharm Ind (AD: GPHI ) which lost 6.61% to settle at 2.120 and International Holding Company PJSC (AD: IHC ) which was down 5.52% to 1.37 at the close.

Declining stocks outnumbered rising ones by 18 to 14 and 6 ended unchanged; on the Abu Dhabi, 16 fell and 6 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 0.10% or 0.07 to $67.86 a barrel. Meanwhile, Brent oil for delivery in July fell 0.57% or 0.42 to hit $72.94 a barrel, while the June Gold Futures contract rose 0.53% or 6.90 to trade at $1312.50 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED rose 0.29% to 4.4008.

The US Dollar Index Futures was down 0.27% at 92.34.

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