United Arab Emirates shares lower at close of trade; DFM General down 0.48%

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United Arab Emirates shares lower at close of trade; DFM General down 0.48%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.48% to hit a new 6-month low, while the ADX General index fell 0.54%.

The biggest gainers of the session on the DFM General were Emirate Integrated Telecom Co PJSC (DU: DU ), which rose 1.81% or 0.090 points to trade at 5.050 at the close. Islamic Arab Insurance Company (DU: SALAMA ) added 1.57% or 0.008 points to end at 0.516 and Union Properties PJSC (DU: UPRO ) was up 1.12% or 0.010 points to 0.900 in late trade.

Biggest losers included ARAMEX PJSC (DU: ARMX ), which lost 5.35% or 0.230 points to trade at 4.070 in late trade. Takaful House (DU: DTKF ) declined 3.17% or 0.028 points to end at 0.854 and National Central Cooling Co. (DU: TABR ) shed 2.12% or 0.040 points to 1.850.

The top performers on the ADX General were Agthia Group (AD: AGTH ) which rose 4.29% to 5.11, Bank Of Sharja (AD: BOS ) which was up 1.72% to settle at 1.180 and Ad Aviation (AD: ADAV ) which gained 1.67% to close at 3.050.

The worst performers were National Takaful Co PJSC (AD: WATA ) which was down 4.44% to 0.43 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 4.00% to settle at 1.920 and Emirates Telec (AD: ETEL ) which was down 2.03% to 16.85 at the close.

Declining stocks outnumbered rising ones by 23 to 10 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 6 advanced, while 9 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.09% or 0.05 to $58.41 a barrel. Meanwhile, Brent oil for delivery in February rose 0.22% or 0.14 to hit $65.04 a barrel, while the February Gold Futures contract rose 0.67% or 8.50 to trade at $1279.10 a troy ounce.

USD/AED was down 0.01% to 3.6726, while EUR/AED fell 0.13% to 4.3552.

The US Dollar Index Futures was up 0.04% at 92.88.

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