United Arab Emirates shares lower at close of trade; DFM General down 0.31%

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United Arab Emirates shares lower at close of trade; DFM General down 0.31%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.31%, while the ADX General index fell 0.11%.

The biggest gainers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU: CBD ), which rose 2.05% or 0.080 points to trade at 3.980 at the close. Arabtec Holding PJSC (DU: ARTC ) added 1.02% or 0.030 points to end at 2.980 and Air Arabia PJSC (DU: AIRA ) was unchanged 0.00% or 0.000 points to 1.230 in late trade.

Biggest losers included SHUAA Capital PSC (DU: SHUA ), which lost 2.73% or 0.030 points to trade at 1.070 in late trade. Drake & Scull International PJSC (DU: DSI ) declined 2.40% or 0.050 points to end at 2.030 and Gulf General Investments Company (DU: GGIC ) shed 1.67% or 0.007 points to 0.412.

The top performers on the ADX General were Green Crs Ins (AD: GCIC ) which rose 13.04% to 0.780, Ras Al Khaimah Poultry and Feeding Co (AD: RAKP ) which was up 7.84% to settle at 3.30 and Finance House (AD: FH ) which gained 5.29% to close at 1.790.

The worst performers were Invest Bank AD (AD: INVB ) which was down 10.00% to 1.980 in late trade, Rak Cmt & Cons (AD: RAKC ) which lost 9.09% to settle at 1.000 and Gulf Pharm Ind (AD: GPHI ) which was down 5.71% to 2.310 at the close.

Declining stocks outnumbered rising ones by 21 to 9 and 7 ended unchanged; on the Abu Dhabi, 14 fell and 8 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was up 2.91% or 1.53 to $54.17 a barrel. Meanwhile, Brent oil for delivery in December rose 2.23% or 1.32 to hit $60.62 a barrel, while the December Gold Futures contract rose 0.51% or 6.46 to trade at $1276.06 a troy ounce.

USD/AED was down 0.01% to 3.6728, while EUR/AED fell 0.39% to 4.2634.

The US Dollar Index Futures was up 0.18% at 94.72.

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