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United Arab Emirates shares lower at close of trade; DFM General down 1.46%

Published 2018/08/13, 13:15
© Reuters.  United Arab Emirates shares lower at close of trade; DFM General down 1.46%
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Investing.com – United Arab Emirates equities were lower at the close on Monday, as losses in the Banking, Services and Real Estate & Construction sectors propelled shares lower.

At the close in Dubai, the DFM General lost 1.46% to hit a new 1-month low, while the ADX General index declined 0.90%.

The biggest gainers of the session on the DFM General were Deyaar Development PJSC (DU:DEYR), which rose 3.65% or 0.014 points to trade at 0.398 at the close. DXB Entertainments (P.J.S.C.) (DU:DXBE) added 0.92% or 0.003 points to end at 0.330 and ARAMEX PJSC (DU:ARMX) was up 0.90% or 0.040 points to 4.480 in late trade.

Biggest losers included Gulf General Investments Company (DU:GGIC), which lost 4.87% or 0.013 points to trade at 0.254 in late trade. Emirates NBD PJSC (DU:ENBD) declined 4.58% or 0.450 points to end at 9.380 and AJMAN BANK PJSC (DU:AJBNK) shed 3.75% or 0.036 points to 0.923.

The top performers on the ADX General were Finance House (AD:FH) which rose 9.87% to 1.670, Eshraq Properties Co PJSC (AD:ESHR) which was up 5.17% to settle at 0.6100 and Ad Natl Energy (AD:TAQA) which gained 3.51% to close at 1.180.

The worst performers were Sharjah Cement AD (AD:SCID) which was down 7.62% to 0.970 in late trade, International Holding Company PJSC (AD:IHC) which lost 6.67% to settle at 1.12 and Arkan Building Materials Co PJSC (AD:ARKN) which was down 5.36% to 0.5300 at the close.

Declining stocks outnumbered rising ones by 20 to 14 and 6 ended unchanged; on the Abu Dhabi, 13 fell and 8 advanced, while 5 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.44% or 0.30 to $67.33 a barrel. Meanwhile, Brent oil for delivery in October fell 0.16% or 0.12 to hit $72.69 a barrel, while the December Gold Futures contract fell 0.96% or 11.70 to trade at $1207.30 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED fell 0.30% to 4.1780.

The US Dollar Index Futures was up 0.14% at 96.32.

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