United Arab Emirates shares lower at close of trade; DFM General down 1.60%

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United Arab Emirates shares lower at close of trade; DFM General down 1.60%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Consumer Staples , Finance & Investment and Insurance sectors propelled shares lower.

At the close in Dubai, the DFM General fell 1.60%, while the ADX General index fell 0.64%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 1.52% or 0.080 points to trade at 5.330 at the close. Amanat Holdings PJSC (DU: AMANT ) added 0.93% or 0.010 points to end at 1.080 and Dubai National Insurance (DU: DNIN ) was unchanged 0.00% or 0.000 points to 2.750 in late trade.

Biggest losers included Arabtec Holding PJSC (DU: ARTC ), which lost 9.69% or 0.087 points to trade at 0.811 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 7.28% or 0.033 points to end at 0.420 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 5.93% or 0.051 points to 0.809.

The top performers on the ADX General were Umm Al Qaiwain Cement Industries Co PSC (AD: QIC ) which rose 14.68% to 1.2500, Commercial Bank International (AD: CBI ) which was up 12.18% to settle at 1.750 and Rak Cement Co (AD: RKCC ) which gained 5.88% to close at 0.900.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 10.00% to 0.540 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 8.57% to settle at 0.6400 and Dana Gas (AD: DANA ) which was down 4.44% to 0.430 at the close.

Declining stocks outnumbered rising ones by 33 to 3 and 3 ended unchanged; on the Abu Dhabi, 16 fell and 8 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was unchanged 0.00% or 0.00 to $53.18 a barrel. Meanwhile, Brent oil for delivery in June rose 0.02% or 0.01 to hit $55.64 a barrel, while the June Gold Futures contract rose 0.90% or 11.55 to trade at $1289.65 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED unchanged 0.00% to 3.8979.

The US Dollar Index Futures was up 0.43% at 100.49.

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