United Arab Emirates shares lower at close of trade; DFM General down 0.34%

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United Arab Emirates shares lower at close of trade; DFM General down 0.34%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.34%, while the ADX General index lost 0.11%.

The biggest gainers of the session on the DFM General were Emaar Malls (DU: EMAA ), which rose 2.33% or 0.050 points to trade at 2.200 at the close. Takaful House (DU: DTKF ) added 0.70% or 0.006 points to end at 0.867 and Emirates NBD PJSC (DU: ENBD ) was up 0.62% or 0.050 points to 8.110 in late trade.

Biggest losers included ARAMEX PJSC (DU: ARMX ), which lost 3.29% or 0.160 points to trade at 4.700 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.75% or 0.020 points to end at 1.120 and Arabtec Holding PJSC (DU: ARTC ) shed 1.61% or 0.040 points to 2.450.

The top performers on the ADX General were Gulf Cement Co (AD: GCEM ) which rose 4.30% to 0.9700, Union Natl Bk (AD: UNB ) which was up 3.40% to settle at 3.950 and Methaq (AD: METH ) which gained 2.60% to close at 0.790.

The worst performers were Commercial Bank International (AD: CBI ) which was down 9.09% to 0.800 in late trade, Natl Bk Of Rak (AD: RAKB ) which lost 3.06% to settle at 4.75 and Rak Cement Co (AD: RKCC ) which was down 2.99% to 0.650 at the close.

Declining stocks outnumbered rising ones by 18 to 9 and 12 ended unchanged; on the Abu Dhabi, 10 fell and 7 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for January delivery was up 1.64% or 0.95 to $58.97 a barrel. Meanwhile, Brent oil for delivery in February unchanged 0.00% or 0.00 to hit $63.47 a barrel, while the December Gold Futures contract fell 0.32% or 4.16 to trade at $1288.04 a troy ounce.

USD/AED was down 0.01% to 3.6726, while EUR/AED rose 0.66% to 4.3816.

The US Dollar Index Futures was down 0.34% at 92.72.

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