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

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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.

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