United Arab Emirates shares lower at close of trade; DFM General down 0.72%

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United Arab Emirates shares lower at close of trade; DFM General down 0.72%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Thursday, as losses in the Banking , Services and Insurance sectors propelled shares lower.

At the close in Dubai, the DFM General declined 0.72%, while the ADX General index fell 1.86%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 1.89% or 0.009 points to trade at 0.484 at the close. Emaar Properties PJSC (DU: EMAR ) added 1.84% or 0.110 points to end at 6.100 and Emirate Integrated Telecom Co PJSC (DU: DU ) was up 1.63% or 0.100 points to 6.250 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 7.58% or 0.150 points to trade at 1.830 in late trade. Dubai Islamic Bank (DU: DISB ) declined 6.64% or 0.430 points to end at 6.050 and National Central Cooling Co. (DU: TABR ) shed 3.36% or 0.040 points to 1.150.

The top performers on the ADX General were Rak Cmt & Cons (AD: RAKC ) which rose 14.66% to 1.33, Int Fish Farmi (AD: ASMK ) which was up 5.74% to settle at 7.00 and Natl Bk Of Ad (AD: NBAD ) which gained 2.16% to close at 8.99.

The worst performers were Abd Nat Takafu (AD: TKFL ) which was down 10.00% to 4.77 in late trade, Gulf Cement Co (AD: GCEM ) which lost 8.08% to settle at 0.91 and Foodco Holding PJSC (AD: FOOD ) which was down 6.17% to 3.80 at the close.

Advancing stocks outnumbered falling ones by 13 to 12 and 5 ended unchanged; on the Abu Dhabi, 20 fell and 6 advanced, while 3 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for April delivery was down 0.76% or 0.29 to $38.00 a barrel. Meanwhile, Brent oil for delivery in May fell 1.17% or 0.48 to hit $40.59 a barrel, while the April Gold contract fell 0.69% or 8.70 to trade at $1248.70 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.30% to 4.0300.

The US Dollar Index was up 0.22% at 97.40.

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