United Arab Emirates shares lower at close of trade; DFM General down 0.40%

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United Arab Emirates shares lower at close of trade; DFM General down 0.40%

Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Consumer Staples , Real Estate & Construction and Insurance sectors propelled shares lower.

At the close in Dubai, the DFM General fell 0.40% to hit a new 52-week low, while the ADX General index fell 1.83%.

The biggest gainers of the session on the DFM General were ARAMEX PJSC (DU: ARMX ), which rose 3.61% or 0.150 points to trade at 4.300 at the close. Amanat Holdings PJSC (DU: AMANT ) added 1.47% or 0.020 points to end at 1.380 and Dubai Investments PJSC (DU: DINV ) was up 1.44% or 0.030 points to 2.110 in late trade.

Biggest losers included Gulf General Investments Company (DU: GGIC ), which lost 9.79% or 0.032 points to trade at 0.295 in late trade. DXB Entertainments (P.J.S.C.) (DU: DXBE ) declined 3.55% or 0.016 points to end at 0.435 and Dubai Financial Market PJSC (DU: DFM ) shed 2.94% or 0.030 points to 0.990.

The top performers on the ADX General were Abd Nat Takafu (AD: TKFL ) which rose 12.93% to 5.24, Sharjah Group Co (AD: SG ) which was unchanged 0.00% to settle at 1.15 and Finance House (AD: FH ) which unchanged 0.00% to close at 1.700.

The worst performers were Al Khaleej Investment Co PJSC (AD: KICO ) which was down 9.89% to 2.37 in late trade, Rak Cement Co (AD: RKCC ) which lost 9.09% to settle at 0.700 and Gulf Pharm Ind (AD: GPHI ) which was down 8.33% to 2.200 at the close.

Declining stocks outnumbered rising ones by 32 to 5 and 3 ended unchanged; on the Abu Dhabi, 21 fell and 2 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 2.55% or 1.62 to $61.92 a barrel. Meanwhile, Brent oil for delivery in June fell 1.89% or 1.29 to hit $67.04 a barrel, while the June Gold Futures contract rose 0.64% or 8.50 to trade at $1337.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED rose 0.32% to 4.5104.

The US Dollar Index Futures was down 0.33% at 89.82.

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