United Arab Emirates shares lower at close of trade; DFM General down 1.16%

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United Arab Emirates shares lower at close of trade; DFM General down 1.16%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 1.16% to hit a new 3-month low, while the ADX General index declined 0.35%.

The biggest gainers of the session on the DFM General were Amanat Holdings PJSC (DU: AMANT ), which rose 1.69% or 0.020 points to trade at 1.200 at the close. Mashreqbank PSC (DU: MASB ) added 1.62% or 1.05 points to end at 66.05 and Emirates NBD PJSC (DU: ENBD ) was up 0.61% or 0.050 points to 8.200 in late trade.

Biggest losers included Dubai Investments PJSC (DU: DINV ), which lost 3.89% or 0.100 points to trade at 2.470 in late trade. National Central Cooling Co. (DU: TABR ) declined 2.86% or 0.060 points to end at 2.040 and Dubai Islamic Insurance Co. (DU: AMAN ) shed 2.62% or 0.023 points to 0.854.

The top performers on the ADX General were Gulf Pharm Ind (AD: GPHI ) which rose 7.79% to 2.490, Al Khazna Ins (AD: AKIC ) which was up 6.90% to settle at 0.310 and Gulf Cement Co (AD: GCEM ) which gained 5.05% to close at 1.0400.

The worst performers were Umm Al Qaiwain Cement Industries Co PSC (AD: QIC ) which was down 9.57% to 1.0400 in late trade, Ad Aviation (AD: ADAV ) which lost 6.67% to settle at 2.800 and National Marine Dredging PSC (AD: NMDC ) which was down 5.41% to 3.500 at the close.

Declining stocks outnumbered rising ones by 24 to 9 and 7 ended unchanged; on the Abu Dhabi, 15 fell and 10 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for December delivery was up 0.56% or 0.31 to $55.95 a barrel. Meanwhile, Brent oil for delivery in January rose 0.60% or 0.37 to hit $62.44 a barrel, while the December Gold Futures contract rose 0.21% or 2.62 to trade at $1271.82 a troy ounce.

USD/AED was up 0.01% to 3.6730, while EUR/AED fell 0.02% to 4.2623.

The US Dollar Index Futures was up 0.01% at 94.84.

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