United Arab Emirates shares lower at close of trade; DFM General down 0.23%

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United Arab Emirates shares lower at close of trade; DFM General down 0.23%

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

At the close in Dubai, the DFM General declined 0.23% to hit a new 1-month low, while the ADX General index fell 0.06%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 6.59% or 0.120 points to trade at 1.940 at the close. Arabtec Holding PJSC (DU: ARTC ) added 1.85% or 0.050 points to end at 2.760 and SHUAA Capital PSC (DU: SHUA ) was up 1.77% or 0.020 points to 1.150 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 2.88% or 0.030 points to trade at 1.010 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 2.44% or 0.020 points to end at 0.800 and Union Properties PJSC (DU: UPRO ) shed 2.38% or 0.023 points to 0.945.

The top performers on the ADX General were Commercial Bank International (AD: CBI ) which rose 15.00% to 1.150, United Arab Bk (AD: UAB ) which was up 13.07% to settle at 1.730 and Agthia Group (AD: AGTH ) which gained 4.37% to close at 4.30.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 6.35% to 2.80 in late trade, Ad Aviation (AD: ADAV ) which lost 3.33% to settle at 2.900 and Methaq (AD: METH ) which was down 2.27% to 0.860 at the close.

Declining stocks outnumbered rising ones by 24 to 11 and 5 ended unchanged; on the Abu Dhabi, 14 fell and 12 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 1.24% or 0.81 to $64.64 a barrel. Meanwhile, Brent oil for delivery in April fell 1.34% or 0.92 to hit $67.66 a barrel, while the April Gold Futures contract fell 0.08% or 1.10 to trade at $1336.20 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.47% to 4.5556.

The US Dollar Index Futures was up 0.46% at 89.45.

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