United Arab Emirates shares lower at close of trade; DFM General down 0.86%

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United Arab Emirates shares lower at close of trade; DFM General down 0.86%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 0.86% to hit a new 1-month low, while the ADX General index declined 0.67%.

The biggest gainers of the session on the DFM General were Gulf Navigation Holding PJSC (DU: GNAV ), which rose 1.59% or 0.020 points to trade at 1.280 at the close. Emirates NBD PJSC (DU: ENBD ) added 1.45% or 0.120 points to end at 8.380 and Union Properties PJSC (DU: UPRO ) was up 1.20% or 0.010 points to 0.840 in late trade.

Biggest losers included Oman Insurance Company P.S.C. (DU: OIC ), which lost 9.55% or 0.190 points to trade at 1.800 in late trade. Gulf General Investments Company (DU: GGIC ) declined 2.66% or 0.010 points to end at 0.366 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 2.30% or 0.021 points to 0.894.

The top performers on the ADX General were Al Khazna Ins (AD: AKIC ) which rose 3.70% to 0.280, Ad Natl Energy (AD: TAQA ) which was up 1.49% to settle at 0.680 and Abu Dhabi National Hotels Co (AD: ADNH ) which gained 1.13% to close at 2.69.

The worst performers were Dana Gas (AD: DANA ) which was down 4.05% to 0.710 in late trade, Finance House (AD: FH ) which lost 3.23% to settle at 1.500 and Rak Properties (AD: RPRO ) which was down 2.82% to 0.690 at the close.

Declining stocks outnumbered rising ones by 20 to 10 and 5 ended unchanged; on the Abu Dhabi, 16 fell and 5 advanced, while 4 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for November delivery was up 0.57% or 0.29 to $50.95 a barrel. Meanwhile, Brent oil for delivery in December rose 1.12% or 0.63 to hit $57.05 a barrel, while the December Gold Futures contract fell 0.01% or 0.11 to trade at $1297.39 a troy ounce.

USD/AED was unchanged 0.00% to 3.6730, while EUR/AED fell 0.62% to 4.3627.

The US Dollar Index Futures was up 0.41% at 92.33.

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