United Arab Emirates shares lower at close of trade; DFM General down 0.13%

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United Arab Emirates shares lower at close of trade; DFM General down 0.13%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.13%, while the ADX General index lost 0.18%.

The biggest gainers of the session on the DFM General were Drake & Scull International PJSC (DU: DSI ), which rose 2.30% or 0.040 points to trade at 1.780 at the close. Dubai Investments PJSC (DU: DINV ) added 1.18% or 0.030 points to end at 2.570 and DXB Entertainments (P.J.S.C.) (DU: DXBE ) was up 0.78% or 0.005 points to 0.648 in late trade.

Biggest losers included Dubai Islamic Insurance Co. (DU: AMAN ), which lost 3.30% or 0.027 points to trade at 0.792 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 1.74% or 0.020 points to end at 1.130 and Gulf General Investments Company (DU: GGIC ) shed 1.57% or 0.006 points to 0.376.

The top performers on the ADX General were International Holding Company PJSC (AD: IHC ) which rose 2.07% to 1.48, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 1.52% to settle at 0.6700 and Natl Bk Of Rak (AD: RAKB ) which gained 1.05% to close at 4.80.

The worst performers were National Takaful Co PJSC (AD: WATA ) which was down 9.09% to 0.50 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 7.62% to settle at 1.940 and Al Khaleej Investment Co PJSC (AD: KICO ) which was down 3.54% to 3.00 at the close.

Declining stocks outnumbered rising ones by 20 to 13 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was down 0.87% or 0.51 to $58.44 a barrel. Meanwhile, Brent oil for delivery in February rose 0.16% or 0.10 to hit $63.57 a barrel, while the December Gold Futures contract rose 0.50% or 6.42 to trade at $1293.72 a troy ounce.

USD/AED was up 0.01% to 3.6729, while EUR/AED rose 0.07% to 4.3845.

The US Dollar Index Futures was down 0.11% at 92.62.

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