United Arab Emirates shares lower at close of trade; DFM General down 0.43%

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United Arab Emirates shares lower at close of trade; DFM General down 0.43%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.43%, while the ADX General index fell 0.05%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 3.73% or 0.060 points to trade at 1.670 at the close. Amanat Holdings PJSC (DU: AMANT ) added 1.63% or 0.020 points to end at 1.250 and SHUAA Capital PSC (DU: SHUA ) was up 1.00% or 0.010 points to 1.010 in late trade.

Biggest losers included Takaful Emarat PSC (DU: TKFE ), which lost 3.23% or 0.060 points to trade at 1.800 in late trade. Dubai Islamic Insurance Co. (DU: AMAN ) declined 3.19% or 0.022 points to end at 0.667 and Takaful House (DU: DTKF ) shed 1.71% or 0.012 points to 0.690.

The top performers on the ADX General were National Bank of Fujairah PJSC (AD: NBF ) which rose 11.70% to 2.96, Rak Cmt & Cons (AD: RAKC ) which was up 10.47% to settle at 0.950 and Union Natl Bk (AD: UNB ) which gained 4.32% to close at 3.860.

The worst performers were Ad Natl Energy (AD: TAQA ) which was down 5.93% to 1.110 in late trade, Abu Dhabi National Hotels Co (AD: ADNH ) which lost 5.59% to settle at 2.70 and Rak Cement Co (AD: RKCC ) which was down 1.41% to 0.700 at the close.

Declining stocks outnumbered rising ones by 23 to 7 and 6 ended unchanged; on the Abu Dhabi, 14 rose and 12 declined, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was up 0.24% or 0.17 to $69.94 a barrel. Meanwhile, Brent oil for delivery in November rose 0.57% or 0.44 to hit $78.08 a barrel, while the December Gold Futures contract rose 0.22% or 2.60 to trade at $1207.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.09% to 4.2669.

The US Dollar Index Futures was down 0.01% at 95.04.

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