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

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United Arab Emirates shares lower at close of trade; DFM General down 0.26%
Credit: © Reuters.

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.

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