United Arab Emirates shares lower at close of trade; DFM General down 1.83%
Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Transport , Services and Real Estate & Construction sectors propelled shares lower.
At the close in Dubai, the DFM General fell 1.83%, while the ADX General index declined 2.68%.
The biggest gainers of the session on the DFM General were Emirate Integrated Telecom Co PJSC (DU: DU ), which rose 0.41% or 0.020 points to trade at 4.930 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 0.14% or 0.001 points to end at 0.694 and ARAMEX PJSC (DU: ARMX ) was unchanged 0.00% or 0.000 points to 3.900 in late trade.
Biggest losers included Air Arabia PJSC (DU: AIRA ), which lost 7.08% or 0.080 points to trade at 1.050 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 6.47% or 0.130 points to end at 1.880 and National Central Cooling Co. (DU: TABR ) shed 4.49% or 0.080 points to 1.700.
The top performers on the ADX General were National Bank of Fujairah PJSC (AD: NBF ) which rose 13.38% to 3.39, Gulf Medical Projects Co PSC (AD: GMPC ) which was up 9.88% to settle at 1.78 and Natl Bk Of Rak (AD: RAKB ) which gained 0.69% to close at 4.38.
The worst performers were Sharjah Group Co (AD: SG ) which was down 10.00% to 1.26 in late trade, Union Insurance Co PSC (AD: UNIN ) which lost 9.71% to settle at 1.58 and Methaq (AD: METH ) which was down 7.14% to 0.780 at the close.
Declining stocks outnumbered rising ones by 27 to 4 and 4 ended unchanged; on the Abu Dhabi, 18 fell and 5 advanced, while 6 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for August delivery was down 0.37% or 0.24 to $64.61 a barrel. Meanwhile, Brent oil for delivery in August rose 0.84% or 0.62 to hit $74.06 a barrel, while the August Gold Futures contract rose 0.40% or 5.10 to trade at $1283.60 a troy ounce.
USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.10% to 4.2675.
The US Dollar Index Futures was down 0.07% at 94.38.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or