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 Telecoms , Real Estate & Construction and Services sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.21%, while the ADX General index declined 0.22%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU: DFM ), which rose 2.70% or 0.030 points to trade at 1.140 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 2.08% or 0.011 points to end at 0.541 and Amanat Holdings PJSC (DU: AMANT ) was up 1.61% or 0.020 points to 1.260 in late trade.

Biggest losers included Dubai Insurance Co PSC (DU: DINC ), which lost 9.46% or 0.350 points to trade at 3.350 in late trade. National Central Cooling Co. (DU: TABR ) declined 4.15% or 0.080 points to end at 1.850 and Emirate Integrated Telecom Co PJSC (DU: DU ) shed 2.83% or 0.150 points to 5.150.

The top performers on the ADX General were National Takaful Co PJSC (AD: WATA ) which rose 14.58% to 0.55, Ad Natl Energy (AD: TAQA ) which was up 8.33% to settle at 0.650 and Abu Dhabi National Hotels Co (AD: ADNH ) which gained 5.45% to close at 2.90.

The worst performers were National Corp Tourism Hotels (AD: NCTH ) which was down 4.89% to 2.14 in late trade, Bank Of Sharja (AD: BOS ) which lost 3.25% to settle at 1.190 and Rak Ceramics (AD: RKCE ) which was down 1.57% to 2.510 at the close.

Declining stocks outnumbered rising ones by 18 to 13 and 9 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.23% or 0.13 to $55.20 a barrel. Meanwhile, Brent oil for delivery in January fell 0.32% or 0.20 to hit $61.67 a barrel, while the December Gold Futures contract rose 0.09% or 1.10 to trade at $1278.80 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.21% to 4.3220.

The US Dollar Index Futures was up 0.16% at 93.87.

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