United Arab Emirates shares lower at close of trade; DFM General down 2.09%

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United Arab Emirates shares lower at close of trade; DFM General down 2.09%
Credit: © Reuters.

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

At the close in Dubai, the DFM General lost 2.09% to hit a new 52-week low, while the ADX General index lost 0.29%.

The biggest gainers of the session on the DFM General were National Cement Company P.S.C. (DU: NCC ), which rose 3.70% or 0.100 points to trade at 2.800 at the close. Takaful House (DU: DTKF ) added 3.20% or 0.021 points to end at 0.677 and Emirate Integrated Telecom Co PJSC (DU: DU ) was up 0.82% or 0.040 points to 4.900 in late trade.

Biggest losers included Drake & Scull International PJSC (DU: DSI ), which lost 10.00% or 0.100 points to trade at 0.900 in late trade. Union Properties PJSC (DU: UPRO ) declined 6.49% or 0.050 points to end at 0.720 and Arabtec Holding PJSC (DU: ARTC ) shed 5.61% or 0.120 points to 2.020.

The top performers on the ADX General were Gulf Pharm Ind (AD: GPHI ) which rose 11.39% to 2.250, Waha Capital (AD: WAHA ) which was up 2.27% to settle at 1.800 and Gulf Cement Co (AD: GCEM ) which gained 2.13% to close at 0.9600.

The worst performers were Ad Natl Energy (AD: TAQA ) which was down 3.39% to 1.140 in late trade, Arkan Building Materials Co PJSC (AD: ARKN ) which lost 3.28% to settle at 0.5900 and Dana Gas (AD: DANA ) which was down 2.80% to 1.040 at the close.

Declining stocks outnumbered rising ones by 29 to 9 and 1 ended unchanged; on the Abu Dhabi, 12 fell and 7 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.29% or 0.20 to $68.78 a barrel. Meanwhile, Brent oil for delivery in September fell 1.50% or 1.13 to hit $74.19 a barrel, while the August Gold Futures contract fell 0.13% or 1.70 to trade at $1269.00 a troy ounce.

USD/AED was unchanged 0.00% to 3.6732, while EUR/AED rose 0.08% to 4.2864.

The US Dollar Index Futures was down 0.04% at 94.15.

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