United Arab Emirates shares lower at close of trade; DFM General down 0.76%

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United Arab Emirates shares lower at close of trade; DFM General down 0.76%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.76%, while the ADX General index lost 1.40%.

The biggest gainers of the session on the DFM General were Gulf General Investments Company (DU: GGIC ), which rose 4.14% or 0.011 points to trade at 0.277 at the close. AJMAN BANK PJSC (DU: AJBNK ) added 3.00% or 0.030 points to end at 1.030 and Drake & Scull International PJSC (DU: DSI ) was up 1.69% or 0.020 points to 1.200 in late trade.

Biggest losers included Damac Properties Dubai Co PSC (DU: DAMAC ), which lost 2.08% or 0.050 points to trade at 2.350 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.85% or 0.020 points to end at 1.060 and Emaar Malls (DU: EMAA ) shed 1.43% or 0.030 points to 2.070.

The top performers on the ADX General were National Marine Dredging PSC (AD: NMDC ) which rose 13.49% to 3.280, National Takaful Co PJSC (AD: WATA ) which was up 5.88% to settle at 0.54 and Ad Natl Ins Co (AD: ADNI ) which gained 2.86% to close at 3.600.

The worst performers were Em Driving Co (AD: DRIV ) which was down 5.41% to 7.00 in late trade, Ad Natl Energy (AD: TAQA ) which lost 4.69% to settle at 1.220 and Ad Shipbldg Co (AD: ADSB ) which was down 3.33% to 2.030 at the close.

Declining stocks outnumbered rising ones by 22 to 9 and 6 ended unchanged; on the Abu Dhabi, 15 fell and 6 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for July delivery was down 4.57% or 3.23 to $67.48 a barrel. Meanwhile, Brent oil for delivery in August unchanged 0.00% or 0.00 to hit $76.47 a barrel, while the June Gold Futures contract fell 0.25% or 3.20 to trade at $1301.20 a troy ounce.

USD/AED was down 0.01% to 3.6730, while EUR/AED fell 0.65% to 4.2787.

The US Dollar Index Futures was up 0.52% at 94.21.

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