United Arab Emirates shares lower at close of trade; DFM General down 0.97%

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United Arab Emirates shares lower at close of trade; DFM General down 0.97%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.97%, while the ADX General index declined 1.09%.

The biggest gainers of the session on the DFM General were AJMAN BANK PJSC (DU: AJBNK ), which rose 3.17% or 0.030 points to trade at 0.977 at the close. Gulf Navigation Holding PJSC (DU: GNAV ) added 1.28% or 0.012 points to end at 0.952 and Dubai Financial Market PJSC (DU: DFM ) was up 1.14% or 0.011 points to 0.979 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 9.93% or 0.055 points to trade at 0.499 in late trade. Takaful Emarat PSC (DU: TKFE ) declined 4.02% or 0.080 points to end at 1.910 and Takaful House (DU: DTKF ) shed 3.24% or 0.022 points to 0.658.

The top performers on the ADX General were Nat Bk Qaiwain (AD: NBQ ) which rose 12.70% to 2.75, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 9.80% to settle at 0.560 and Union Natl Bk (AD: UNB ) which gained 3.78% to close at 3.840.

The worst performers were Aldar Properti (AD: ALDR ) which was down 2.53% to 1.930 in late trade, First Abu Dhabi Bank PJSC (AD: FAB ) which lost 2.44% to settle at 14.00 and Ad Commercial (AD: ADCB ) which was down 1.54% to 7.04 at the close.

Declining stocks outnumbered rising ones by 23 to 8 and 5 ended unchanged; on the Abu Dhabi, 12 fell and 9 advanced, while 7 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.07% or 0.05 to $66.89 a barrel. Meanwhile, Brent oil for delivery in October rose 0.07% or 0.05 to hit $72.33 a barrel, while the December Gold Futures contract rose 0.10% or 1.20 to trade at $1222.20 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.14% to 4.2592.

The US Dollar Index Futures was up 0.15% at 95.09.

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