United Arab Emirates shares lower at close of trade; DFM General down 1.28%

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United Arab Emirates shares lower at close of trade; DFM General down 1.28%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 1.28%, while the ADX General index fell 0.82%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 3.74% or 0.040 points to trade at 1.110 at the close. Dubai Parks and Resorts PJSC (DU: DUBA ) added 3.15% or 0.040 points to end at 1.310 and ARAMEX PJSC (DU: ARMX ) was up 1.18% or 0.040 points to 3.440 in late trade.

Biggest losers included Mashreqbank PSC (DU: MASB ), which lost 7.52% or 6.10 points to trade at 75.00 in late trade. Marka Pjse (DU: MARKA ) declined 7.09% or 0.09 points to end at 1.18 and Arabtec Holding PJSC (DU: ARTC ) shed 3.07% or 0.050 points to 1.580.

The top performers on the ADX General were Arkan Building Materials Co PJSC (AD: ARKN ) which rose 2.15% to 0.95, Invest Bank AD (AD: INVB ) which was up 1.85% to settle at 2.20 and Emirates Ins C (AD: EIC ) which unchanged 0.00% to close at 6.72.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 8.00% to 0.460 in late trade, Eshraq Properties Co PJSC (AD: ESHR ) which lost 3.49% to settle at 0.8300 and Ad Aviation (AD: ADAV ) which was down 3.45% to 2.80 at the close.

Declining stocks outnumbered rising ones by 21 to 7 and 6 ended unchanged; on the Abu Dhabi, 17 fell and 4 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was down 0.02% or 0.01 to $46.02 a barrel. Meanwhile, Brent oil for delivery in July fell 0.80% or 0.38 to hit $47.39 a barrel, while the June Gold contract rose 2.27% or 28.80 to trade at $1295.20 a troy ounce.

USD/AED was down 0.00% to 3.6729, while EUR/AED rose 0.86% to 4.2073.

The US Dollar Index was down 0.76% at 93.02.

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