United Arab Emirates shares lower at close of trade; DFM General down 0.15%

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United Arab Emirates shares lower at close of trade; DFM General down 0.15%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.15% to hit a new 6-month low, while the ADX General index declined 0.33%.

The biggest gainers of the session on the DFM General were Dubai National Insurance (DU: DNIN ), which rose 10.78% or 0.330 points to trade at 3.390 at the close. Dubai Insurance Co PSC (DU: DINC ) added 4.48% or 0.150 points to end at 3.500 and Emaar Malls (DU: EMAA ) was up 2.25% or 0.050 points to 2.270 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 5.61% or 0.110 points to trade at 1.850 in late trade. Marka Pjse (DU: MARKA ) declined 5.18% or 0.03 points to end at 0.53 and Arabtec Holding PJSC (DU: ARTC ) shed 4.92% or 0.130 points to 2.510.

The top performers on the ADX General were Green Crs Ins (AD: GCIC ) which rose 11.39% to 0.880, Al Khazna Ins (AD: AKIC ) which was up 3.70% to settle at 0.280 and Ad Natl Energy (AD: TAQA ) which gained 3.51% to close at 0.590.

The worst performers were National Bank of Fujairah PJSC (AD: NBF ) which was down 10.00% to 4.05 in late trade, Union Cement (AD: UCC ) which lost 9.85% to settle at 1.190 and Commercial Bank International (AD: CBI ) which was down 9.57% to 1.040 at the close.

Declining stocks outnumbered rising ones by 26 to 10 and 6 ended unchanged; on the Abu Dhabi, 16 fell and 9 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 3.42% or 2.09 to $59.06 a barrel. Meanwhile, Brent oil for delivery in April fell 3.38% or 2.19 to hit $62.62 a barrel, while the April Gold Futures contract fell 0.07% or 0.90 to trade at $1318.10 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.12% to 4.4939.

The US Dollar Index Futures was up 0.03% at 90.22.

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