United Arab Emirates shares lower at close of trade; DFM General down 0.77%

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United Arab Emirates shares lower at close of trade; DFM General down 0.77%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.77%, while the ADX General index lost 0.45%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 8.96% or 0.180 points to trade at 2.190 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 2.36% or 0.030 points to end at 1.300 and Deyaar Development PJSC (DU: DEYR ) was up 0.57% or 0.003 points to 0.525 in late trade.

Biggest losers included Amlak Finance PJSC (DU: AMLK ), which lost 3.70% or 0.040 points to trade at 1.040 in late trade. Takaful House (DU: DTKF ) declined 3.60% or 0.040 points to end at 1.070 and Drake & Scull International PJSC (DU: DSI ) shed 3.17% or 0.012 points to 0.366.

The top performers on the ADX General were National Marine Dredging PSC (AD: NMDC ) which rose 9.92% to 4.100, Fujairah Cement Industries Co PSC (AD: FCI ) which was up 4.55% to settle at 1.150 and Abu Dhabi National Hotels Co (AD: ADNH ) which gained 2.86% to close at 3.24.

The worst performers were Eshraq Properties Co PJSC (AD: ESHR ) which was down 10.00% to 0.8100 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 6.38% to settle at 2.200 and Methaq (AD: METH ) which was down 5.43% to 0.870 at the close.

Declining stocks outnumbered rising ones by 28 to 8 and 4 ended unchanged; on the Abu Dhabi, 17 fell and 8 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.68% or 0.33 to $48.49 a barrel. Meanwhile, Brent oil for delivery in October fell 0.81% or 0.42 to hit $51.68 a barrel, while the December Gold Futures contract fell 0.68% or 8.85 to trade at $1285.15 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.26% to 4.3308.

The US Dollar Index Futures was up 0.31% at 93.28.

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