United Arab Emirates shares lower at close of trade; DFM General down 0.78%

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United Arab Emirates shares lower at close of trade; DFM General down 0.78%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.78% to hit a new 1-month low, while the ADX General index lost 0.60%.

The biggest gainers of the session on the DFM General were National Central Cooling Co. (DU: TABR ), which rose 1.69% or 0.030 points to trade at 1.810 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 1.49% or 0.012 points to end at 0.820 and Emirates NBD PJSC (DU: ENBD ) was up 1.14% or 0.100 points to 8.900 in late trade.

Biggest losers included Gulf Navigation Holding PJSC (DU: GNAV ), which lost 4.59% or 0.050 points to trade at 1.040 in late trade. Emaar Malls (DU: EMAA ) declined 2.58% or 0.060 points to end at 2.270 and Dubai Investments PJSC (DU: DINV ) shed 2.44% or 0.060 points to 2.400.

The top performers on the ADX General were Methaq (AD: METH ) which rose 3.53% to 0.880, Ad Shipbldg Co (AD: ADSB ) which was up 2.56% to settle at 2.000 and Ad Natl Energy (AD: TAQA ) which gained 1.82% to close at 0.560.

The worst performers were Gulf Medical Projects Co PSC (AD: GMPC ) which was down 10.00% to 1.71 in late trade, United Arab Bk (AD: UAB ) which lost 10.00% to settle at 1.530 and Green Crs Ins (AD: GCIC ) which was down 8.99% to 0.810 at the close.

Declining stocks outnumbered rising ones by 22 to 8 and 8 ended unchanged; on the Abu Dhabi, 13 fell and 7 advanced, while 8 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for March delivery was down 1.11% or 0.73 to $65.07 a barrel. Meanwhile, Brent oil for delivery in April fell 1.51% or 1.05 to hit $68.60 a barrel, while the April Gold Futures contract fell 0.91% or 12.20 to trade at $1335.70 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.35% to 4.5771.

The US Dollar Index Futures was up 0.63% at 89.04.

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