United Arab Emirates shares lower at close of trade; DFM General down 0.14%

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

At the close in Dubai, the DFM General lost 0.14%, while the ADX General index fell 0.21%.

The biggest gainers of the session on the DFM General were Emaar Development PJSC (DU: EMAARDEV ), which rose 3.34% or 0.170 points to trade at 5.260 at the close. Marka Pjse (DU: MARKA ) added 3.06% or 0.02 points to end at 0.54 and Emaar Malls (DU: EMAA ) was up 2.82% or 0.060 points to 2.190 in late trade.

Biggest losers included Emaar Properties PJSC (DU: EMAR ), which lost 1.85% or 0.110 points to trade at 5.850 in late trade. Damac Properties Dubai Co PSC (DU: DAMAC ) declined 1.27% or 0.040 points to end at 3.120 and Drake & Scull International PJSC (DU: DSI ) shed 1.11% or 0.020 points to 1.780.

The top performers on the ADX General were National Marine Dredging PSC (AD: NMDC ) which rose 7.38% to 3.200, Ad Natl Energy (AD: TAQA ) which was up 2.78% to settle at 0.740 and Arkan Building Materials Co PJSC (AD: ARKN ) which gained 1.37% to close at 0.7400.

The worst performers were Rak Cement Co (AD: RKCC ) which was down 5.00% to 0.760 in late trade, Agthia Group (AD: AGTH ) which lost 4.26% to settle at 4.50 and International Holding Company PJSC (AD: IHC ) which was down 2.72% to 1.43 at the close.

Advancing stocks outnumbered falling ones by 19 to 12 and 5 ended unchanged; on the Abu Dhabi, 10 fell and 8 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was unchanged 0.00% or 0.00 to $62.41 a barrel. Meanwhile, Brent oil for delivery in May rose 1.55% or 1.01 to hit $66.13 a barrel, while the April Gold Futures contract fell 0.27% or 3.60 to trade at $1314.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.12% to 4.5136.

The US Dollar Index Futures was unchanged 0.00% at 89.80.