United Arab Emirates shares mixed at close of trade; DFM General down 1.27%

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United Arab Emirates shares mixed at close of trade; DFM General down 1.27%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Insurance , Services and Transport sectors propelled shares higher while losses in the Real Estate & Construction , Banking and Consumer Staples sectors led shares lower.

At the close in Dubai, the DFM General lost 1.27% to hit a new 52-week low, while the ADX General index added 0.63%.

The biggest gainers of the session on the DFM General were Dubai Islamic Insurance Co. (DU: AMAN ), which rose 3.41% or 0.022 points to trade at 0.668 at the close. AJMAN BANK PJSC (DU: AJBNK ) added 1.84% or 0.017 points to end at 0.943 and Islamic Arab Insurance Company (DU: SALAMA ) was up 1.60% or 0.010 points to 0.634 in late trade.

Biggest losers included Emaar Properties PJSC (DU: EMAR ), which lost 3.23% or 0.160 points to trade at 4.790 in late trade. Arabtec Holding PJSC (DU: ARTC ) declined 2.69% or 0.050 points to end at 1.810 and Amlak Finance PJSC (DU: AMLK ) shed 2.58% or 0.017 points to 0.643.

The top performers on the ADX General were United Arab Bk (AD: UAB ) which rose 4.17% to 1.250, Gulf Cement Co (AD: GCEM ) which was up 4.04% to settle at 0.9260 and Em Driving Co (AD: DRIV ) which gained 2.94% to close at 7.00.

The worst performers were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was down 9.79% to 0.433 in late trade, Methaq (AD: METH ) which lost 3.12% to settle at 0.775 and Dana Gas (AD: DANA ) which was down 2.52% to 1.160 at the close.

Declining stocks outnumbered rising ones by 28 to 8 and 1 ended unchanged; on the Abu Dhabi, 14 fell and 11 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was unchanged 0.00% or 0.00 to $68.77 a barrel. Meanwhile, Brent oil for delivery in November fell 0.09% or 0.07 to hit $78.11 a barrel, while the December Gold Futures contract fell 0.82% or 9.90 to trade at $1198.30 a troy ounce.

USD/AED was down 0.01% to 3.6730, while EUR/AED fell 0.58% to 4.2689.

The US Dollar Index Futures was unchanged 0.00% at 94.50.

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