United Arab Emirates shares lower at close of trade; DFM General down 0.33%
Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Real Estate & Construction , Finance & Investment and Insurance sectors propelled shares lower.
At the close in Dubai, the DFM General declined 0.33%, while the ADX General index declined 0.37%.
The biggest gainers of the session on the DFM General were Commercial Bank of Dubai P.S.C. (DU: CBD ), which rose 1.33% or 0.050 points to trade at 3.800 at the close. Mashreqbank PSC (DU: MASB ) added 1.30% or 1.00 points to end at 78.00 and Dubai Financial Market PJSC (DU: DFM ) was up 0.99% or 0.010 points to 1.020 in late trade.
Biggest losers included Marka Pjse (DU: MARKA ), which lost 9.90% or 0.04 points to trade at 0.37 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.48% or 0.007 points to end at 0.275 and AJMAN BANK PJSC (DU: AJBNK ) shed 1.87% or 0.020 points to 1.050.
The top performers on the ADX General were Sharjah Islami (AD: SIB ) which rose 10.62% to 1.250, Gulf Cement Co (AD: GCEM ) which was up 8.00% to settle at 1.0800 and Gulf Pharm Ind (AD: GPHI ) which gained 6.82% to close at 2.350.
The worst performers were United Arab Bk (AD: UAB ) which was down 8.70% to 1.050 in late trade, Methaq (AD: METH ) which lost 3.66% to settle at 0.790 and Arkan Building Materials Co PJSC (AD: ARKN ) which was down 3.17% to 0.6100 at the close.
Declining stocks outnumbered rising ones by 18 to 18 and 5 ended unchanged; on the Abu Dhabi, 15 rose and 11 declined, while 3 ended unchanged on the Dubai Stock Exchange.
In commodities trading, Crude oil for May delivery was down 1.04% or 0.70 to $66.69 a barrel. Meanwhile, Brent oil for delivery in June fell 1.03% or 0.75 to hit $71.83 a barrel, while the June Gold Futures contract fell 0.13% or 1.70 to trade at $1346.20 a troy ounce.
USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.22% to 4.5411.
The US Dollar Index Futures was down 0.28% at 89.26.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or