United Arab Emirates shares lower at close of trade; DFM General down 0.06%

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United Arab Emirates shares lower at close of trade; DFM General down 0.06%
Credit: © Reuters.

Investing.com – United Arab Emirates equities were lower at the close on Sunday, as losses in the Telecoms , Banking and Consumer Staples sectors propelled shares lower.

At the close in Dubai, the DFM General declined 0.06%, while the ADX General index declined 0.44%.

The biggest gainers of the session on the DFM General were Takaful Emarat PSC (DU: TKFE ), which rose 5.36% or 0.150 points to trade at 2.950 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 4.24% or 0.024 points to end at 0.590 and ARAMEX PJSC (DU: ARMX ) was up 3.90% or 0.150 points to 4.000 in late trade.

Biggest losers included Takaful House (DU: DTKF ), which lost 2.04% or 0.020 points to trade at 0.960 in late trade. AJMAN BANK PJSC (DU: AJBNK ) declined 1.28% or 0.020 points to end at 1.540 and Marka Pjse (DU: MARKA ) shed 0.85% or 0.01 points to 1.17.

The top performers on the ADX General were Em Driving Co (AD: DRIV ) which rose 6.67% to 8.00, Eshraq Properties Co PJSC (AD: ESHR ) which was up 2.56% to settle at 0.8000 and Arkan Building Materials Co PJSC (AD: ARKN ) which gained 1.20% to close at 0.8400.

The worst performers were National Marine Dredging PSC (AD: NMDC ) which was down 4.35% to 4.400 in late trade, Rak Cmt & Cons (AD: RAKC ) which lost 3.42% to settle at 1.130 and Gulf Pharm Ind (AD: GPHI ) which was down 2.64% to 2.210 at the close.

Advancing stocks outnumbered falling ones by 17 to 14 and 3 ended unchanged; on the Abu Dhabi, 18 fell and 7 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for October delivery was unchanged 0.00% or 0.00 to $47.33 a barrel. Meanwhile, Brent oil for delivery in November unchanged 0.00% or 0.00 to hit $50.15 a barrel, while the December Gold contract fell 0.02% or 0.25 to trade at $1324.35 a troy ounce.

USD/AED was down 0.00% to 3.6730, while EUR/AED fell 0.85% to 4.1110.

The US Dollar Index was up 0.84% at 95.48.

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