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United Arab Emirates shares lower at close of trade; DFM General down 0.31%

Published 24/09/2018, 09:15 pm
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 0.31%

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

At the close in Dubai, the DFM General lost 0.31%, while the ADX General index declined 0.07%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU:GNAV), which rose 2.62% or 0.023 points to trade at 0.900 at the close. Takaful Emarat PSC (DU:TKFE) added 1.74% or 0.030 points to end at 1.750 and Emaar Malls (DU:EMAA) was up 1.10% or 0.020 points to 1.830 in late trade.

Biggest losers included National Central Cooling Co. (DU:TABR), which lost 3.80% or 0.060 points to trade at 1.520 in late trade. DXB Entertainments (P.J.S.C.) (DU:DXBE) declined 3.27% or 0.012 points to end at 0.355 and Drake & Scull International PJSC (DU:DSI) shed 2.56% or 0.010 points to 0.380.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which rose 11.63% to 0.480, Rak Properties (AD:RPRO) which was up 2.00% to settle at 0.612 and Union Natl Bk (AD:UNB) which gained 1.42% to close at 5.000.

The worst performers were Union Insurance Co PSC (AD:UNIN) which was down 9.84% to 1.65 in late trade, Agthia Group (AD:AGTH) which lost 7.97% to settle at 4.50 and Eshraq Properties Co PJSC (AD:ESHR) which was down 3.17% to 0.5500 at the close.

Declining stocks outnumbered rising ones by 24 to 12 and 3 ended unchanged; on the Abu Dhabi, 9 fell and 8 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

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In commodities trading, Crude oil for November delivery was up 1.68% or 1.19 to $71.97 a barrel. Meanwhile, Brent oil for delivery in December rose 2.31% or 1.81 to hit $80.05 a barrel, while the December Gold Futures contract rose 0.25% or 3.00 to trade at $1204.30 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED rose 0.14% to 4.3222.

The US Dollar Index Futures was down 0.12% at 93.68.

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