🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

United Arab Emirates shares lower at close of trade; DFM General down 0.26%

Published 2018/01/29, 13:15
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 0.26%
DFMGI
-
DFMIN
-
DFMRE
-
AJBNK
-
AMAN
-
DFM
-
DSI
-
WATANIA
-
DFMSV
-
UCC
-
BILDCO
-
EMSTEEL
-
GCEM
-
RAKCEC
-
APEX
-
FTFADGI
-
DXBE
-

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

At the close in Dubai, the DFM General lost 0.26%, while the ADX General index lost 0.12%.

The biggest gainers of the session on the DFM General were Dubai Financial Market PJSC (DU:DFM), which rose 1.80% or 0.020 points to trade at 1.130 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) added 1.25% or 0.008 points to end at 0.648 and AJMAN BANK PJSC (DU:AJBNK) was up 0.89% or 0.010 points to 1.130 in late trade.

Biggest losers included Drake & Scull International PJSC (DU:DSI), which lost 3.21% or 0.070 points to trade at 2.110 in late trade. Dubai Islamic Insurance Co. (DU:AMAN) declined 2.41% or 0.020 points to end at 0.810 and Takaful House (DU:DTKF) shed 1.92% or 0.018 points to 0.920.

The top performers on the ADX General were Rak Ceramics (AD:RKCE) which rose 3.64% to 2.850, Rak Cement Co (AD:RKCC) which was up 1.35% to settle at 0.750 and Arkan Building Materials Co PJSC (AD:ARKN) which gained 1.28% to close at 0.7900.

The worst performers were Union Cement (AD:UCC) which was down 5.03% to 1.510 in late trade, Gulf Cement Co (AD:GCEM) which lost 3.67% to settle at 1.0500 and Abu Dhabi National for Building Materials Co PJSC (AD:BILD) which was down 3.64% to 0.530 at the close.

Declining stocks outnumbered rising ones by 25 to 13 and 3 ended unchanged; on the Abu Dhabi, 19 fell and 6 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 0.42% or 0.28 to $65.86 a barrel. Meanwhile, Brent oil for delivery in April fell 0.78% or 0.55 to hit $69.60 a barrel, while the February Gold Futures contract fell 0.54% or 7.30 to trade at $1344.80 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.14% to 4.5559.

The US Dollar Index Futures was up 0.27% at 89.11.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.