United Arab Emirates shares lower at close of trade; DFM General down 0.24%

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United Arab Emirates shares lower at close of trade; DFM General down 0.24%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.24%, while the ADX General index lost 0.25%.

The biggest gainers of the session on the DFM General were Mashreqbank PSC (DU: MASB ), which rose 7.38% or 5.50 points to trade at 80.00 at the close. Dubai Islamic Bank (DU: DISB ) added 0.80% or 0.040 points to end at 5.010 and Dubai Financial Market PJSC (DU: DFM ) was up 0.31% or 0.003 points to 0.980 in late trade.

Biggest losers included Amanat Holdings PJSC (DU: AMANT ), which lost 4.00% or 0.050 points to trade at 1.200 in late trade. SHUAA Capital PSC (DU: SHUA ) declined 3.70% or 0.040 points to end at 1.040 and Takaful House (DU: DTKF ) shed 3.65% or 0.028 points to 0.740.

The top performers on the ADX General were Invest Bank AD (AD: INVB ) which rose 10.53% to 2.520, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 10.20% to settle at 0.540 and Ad Natl Energy (AD: TAQA ) which gained 2.54% to close at 1.210.

The worst performers were Rak Cmt & Cons (AD: RAKC ) which was down 8.99% to 0.810 in late trade, Dana Gas (AD: DANA ) which lost 1.80% to settle at 1.090 and Rak Cement Co (AD: RKCC ) which was down 1.30% to 0.760 at the close.

Declining stocks outnumbered rising ones by 22 to 7 and 10 ended unchanged; on the Abu Dhabi, 7 fell and 6 advanced, while 10 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.85% or 0.59 to $69.02 a barrel. Meanwhile, Brent oil for delivery in September fell 0.24% or 0.18 to hit $74.36 a barrel, while the August Gold Futures contract fell 0.29% or 3.50 to trade at $1222.20 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.11% to 4.2818.

The US Dollar Index Futures was down 0.11% at 94.47.

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