United Arab Emirates shares lower at close of trade; DFM General down 1.23%

  • Investing.com
  • Stock Market News
United Arab Emirates shares lower at close of trade; DFM General down 1.23%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 1.23%, while the ADX General index fell 0.78%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 8.67% or 0.150 points to trade at 1.880 at the close. Mashreqbank PSC (DU: MASB ) added 5.48% or 4.00 points to end at 77.00 and AJMAN BANK PJSC (DU: AJBNK ) was up 1.92% or 0.020 points to 1.060 in late trade.

Biggest losers included Commercial Bank of Dubai P.S.C. (DU: CBD ), which lost 6.25% or 0.250 points to trade at 3.750 in late trade. Amanat Holdings PJSC (DU: AMANT ) declined 3.62% or 0.050 points to end at 1.330 and Arabtec Holding PJSC (DU: ARTC ) shed 3.14% or 0.070 points to 2.160.

The top performers on the ADX General were Rak Cmt & Cons (AD: RAKC ) which rose 14.12% to 0.970, Abu Dhabi National for Building Materials Co PJSC (AD: BILD ) which was up 6.52% to settle at 0.490 and Ad Commercial (AD: ADCB ) which gained 0.97% to close at 7.25.

The worst performers were Ad Shipbldg Co (AD: ADSB ) which was down 9.81% to 1.930 in late trade, Al Khaleej Investment Co PJSC (AD: KICO ) which lost 9.28% to settle at 2.15 and Commercial Bank International (AD: CBI ) which was down 7.69% to 0.600 at the close.

Declining stocks outnumbered rising ones by 31 to 8 and 3 ended unchanged; on the Abu Dhabi, 16 fell and 4 advanced, while 11 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.19% or 0.13 to $66.69 a barrel. Meanwhile, Brent oil for delivery in June fell 0.35% or 0.25 to hit $71.81 a barrel, while the June Gold Futures contract fell 0.78% or 10.60 to trade at $1349.40 a troy ounce.

USD/AED was up 0.00% to 3.6732, while EUR/AED fell 0.24% to 4.5322.

The US Dollar Index Futures was up 0.25% at 89.44.

Add Chart to Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100
Please try another search