United Arab Emirates shares lower at close of trade; DFM General down 0.21%

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United Arab Emirates shares lower at close of trade; DFM General down 0.21%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.21%, while the ADX General index fell 0.44%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 4.96% or 3.45 points to trade at 73.00 at the close. Drake & Scull International PJSC (DU: DSI ) added 2.40% or 0.040 points to end at 1.710 and Amanat Holdings PJSC (DU: AMANT ) was up 1.77% or 0.020 points to 1.150 in late trade.

Biggest losers included Arabtec Holding PJSC (DU: ARTC ), which lost 2.00% or 0.060 points to trade at 2.940 in late trade. Deyaar Development PJSC (DU: DEYR ) declined 1.60% or 0.008 points to end at 0.492 and Gulf Navigation Holding PJSC (DU: GNAV ) shed 1.52% or 0.020 points to 1.300.

The top performers on the ADX General were Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which rose 14.63% to 0.470, United Arab Bk (AD: UAB ) which was up 5.67% to settle at 2.050 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 4.05% to close at 0.7700.

The worst performers were National Marine Dredging PSC (AD: NMDC ) which was down 9.88% to 3.830 in late trade, Natl Bk Of Rak (AD: RAKB ) which lost 2.13% to settle at 4.60 and Ad Natl Energy (AD: TAQA ) which was down 1.47% to 0.670 at the close.

Declining stocks outnumbered rising ones by 14 to 14 and 8 ended unchanged; on the Abu Dhabi, 9 fell and 8 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.22% or 0.11 to $50.09 a barrel. Meanwhile, Brent oil for delivery in December rose 0.66% or 0.37 to hit $56.17 a barrel, while the December Gold Futures contract rose 0.32% or 4.08 to trade at $1280.88 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.16% to 4.3125.

The US Dollar Index Futures was up 0.15% at 93.45.

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