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United Arab Emirates shares lower at close of trade; DFM General down 0.24%

Published 21-03-2016, 04:45 pm
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 0.24%
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Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Consumer Staples, Services and Transport sectors propelled shares lower.

At the close in Dubai, the DFM General lost 0.24%, while the ADX General index lost 0.43%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU:AMAN), which rose 4.03% or 0.025 points to trade at 0.645 at the close. Takaful Emarat PSC (DU:TKFE) added 3.30% or 0.060 points to end at 1.880 and Takaful House (DU:DTKF) was up 1.89% or 0.010 points to 0.540 in late trade.

Biggest losers included National Cement Company P.S.C. (DU:NCC), which lost 7.94% or 0.250 points to trade at 2.900 in late trade. Drake & Scull International PJSC (DU:DSI) declined 3.76% or 0.018 points to end at 0.461 and Arabtec Holding PJSC (DU:ARTC) shed 3.47% or 0.060 points to 1.670.

The top performers on the ADX General were Gulf Cement Co (AD:GCEM) which rose 7.69% to 0.98, Natl Co Bldg M (AD:BILD) which was up 2.33% to settle at 0.440 and Aldar Properti (AD:ALDR) which gained 1.83% to close at 2.78.

The worst performers were Rak Cmt & Cons (AD:RAKC) which was down 9.77% to 1.20 in late trade, Rak Cement Co (AD:RKCC) which lost 3.57% to settle at 0.810 and Arkan Bld Mt C (AD:ARKN) which was down 3.16% to 0.92 at the close.

Declining stocks outnumbered rising ones by 19 to 9 and 3 ended unchanged; on the Abu Dhabi, 16 fell and 7 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.66% or 0.27 to $40.87 a barrel. Meanwhile, Brent oil for delivery in May fell 0.02% or 0.01 to hit $41.19 a barrel, while the April Gold contract fell 0.41% or 5.20 to trade at $1249.10 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED rose 0.07% to 4.1422.

The US Dollar Index was up 0.04% at 95.11.

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