United Arab Emirates shares lower at close of trade; DFM General down 0.18%

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United Arab Emirates shares lower at close of trade; DFM General down 0.18%
Credit: © Reuters.

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

At the close in Dubai, the DFM General fell 0.18%, while the ADX General index fell 0.80%.

The biggest gainers of the session on the DFM General were Emaar Development PJSC (DU: EMAARDEV ), which unchanged 0.00% or 0.000 points to trade at 5.570 at the close. AJMAN BANK PJSC (DU: AJBNK ) unchanged 0.00% or 0.000 points to end at 0.989 and Dubai Islamic Insurance Co. (DU: AMAN ) was unchanged 0.00% or 0.000 points to 0.684 in late trade.

Biggest losers included Emaar Development PJSC (DU: EMAARDEV ), which unchanged 0.00% or 0.000 points to trade at 5.570 in late trade. AJMAN BANK PJSC (DU: AJBNK ) unchanged 0.00% or 0.000 points to end at 0.989 and Dubai Islamic Insurance Co. (DU: AMAN ) 0.00% or 0.000 points to 0.684.

The top performers on the ADX General were National Corp Tourism Hotels (AD: NCTH ) which rose 14.52% to 2.13, Nat Bk Qaiwain (AD: NBQ ) which was up 9.43% to settle at 2.90 and United Arab Bk (AD: UAB ) which gained 8.33% to close at 1.300.

The worst performers were Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which was down 9.88% to 2.19 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 6.67% to settle at 0.560 and Rak Cement Co (AD: RKCC ) which was down 4.17% to 0.690 at the close.

Declining stocks outnumbered rising ones by 1 to 0 and 1 ended unchanged; on the Abu Dhabi, 9 fell and 9 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for June delivery was up 0.95% or 0.68 to $72.17 a barrel. Meanwhile, Brent oil for delivery in July rose 0.85% or 0.67 to hit $79.95 a barrel, while the June Gold Futures contract fell 0.38% or 4.90 to trade at $1286.60 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED fell 0.12% to 4.3312.

The US Dollar Index Futures was up 0.12% at 93.38.

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