United Arab Emirates shares lower at close of trade; DFM General down 0.32%

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United Arab Emirates shares lower at close of trade; DFM General down 0.32%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.32%, while the ADX General index declined 0.21%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 3.21% or 0.060 points to trade at 1.930 at the close. Amanat Holdings PJSC (DU: AMANT ) added 2.16% or 0.030 points to end at 1.420 and Gulf General Investments Company (DU: GGIC ) was up 2.04% or 0.008 points to 0.400 in late trade.

Biggest losers included DXB Entertainments (P.J.S.C.) (DU: DXBE ), which lost 3.29% or 0.022 points to trade at 0.647 in late trade. Takaful House (DU: DTKF ) declined 2.31% or 0.022 points to end at 0.932 and Amlak Finance PJSC (DU: AMLK ) shed 1.89% or 0.020 points to 1.040.

The top performers on the ADX General were Union Cement (AD: UCC ) which rose 10.67% to 1.660, Arkan Building Materials Co PJSC (AD: ARKN ) which was up 4.00% to settle at 0.7800 and Eshraq Properties Co PJSC (AD: ESHR ) which gained 2.63% to close at 0.7800.

The worst performers were Nat Bk Qaiwain (AD: NBQ ) which was down 10.00% to 2.70 in late trade, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which lost 4.92% to settle at 0.580 and Al Khazna Ins (AD: AKIC ) which was down 3.45% to 0.280 at the close.

Declining stocks outnumbered rising ones by 20 to 12 and 8 ended unchanged; on the Abu Dhabi, 13 fell and 13 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.02% or 0.01 to $63.98 a barrel. Meanwhile, Brent oil for delivery in March fell 0.03% or 0.02 to hit $69.36 a barrel, while the February Gold Futures contract fell 0.66% or 8.90 to trade at $1330.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6729, while EUR/AED rose 0.43% to 4.4934.

The US Dollar Index Futures was down 0.28% at 90.40.

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