United Arab Emirates shares lower at close of trade; DFM General down 0.19%

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United Arab Emirates shares lower at close of trade; DFM General down 0.19%
Credit: © Reuters.

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

At the close in Dubai, the DFM General declined 0.19%, while the ADX General index declined 0.55%.

The biggest gainers of the session on the DFM General were Takaful House (DU: DTKF ), which rose 14.84% or 0.190 points to trade at 1.470 at the close. Dubai Islamic Insurance Co. (DU: AMAN ) added 9.64% or 0.080 points to end at 0.910 and Islamic Arab Insurance Company (DU: SALAMA ) was up 3.21% or 0.015 points to 0.483 in late trade.

Biggest losers included Air Arabia PJSC (DU: AIRA ), which lost 1.79% or 0.020 points to trade at 1.100 in late trade. Dubai Financial Market PJSC (DU: DFM ) declined 1.55% or 0.020 points to end at 1.270 and Emaar Malls (DU: EMAA ) shed 1.12% or 0.030 points to 2.650.

The top performers on the ADX General were Foodco Holding PJSC (AD: FOOD ) which rose 8.33% to 6.50, Ad Natl Energy (AD: TAQA ) which was up 7.55% to settle at 0.570 and Finance House (AD: FH ) which gained 4.43% to close at 1.650.

The worst performers were Em Driving Co (AD: DRIV ) which was down 10.00% to 8.64 in late trade, Ad Shipbldg Co (AD: ADSB ) which lost 8.18% to settle at 2.920 and Ad Aviation (AD: ADAV ) which was down 6.21% to 2.720 at the close.

Declining stocks outnumbered rising ones by 17 to 14 and 6 ended unchanged; on the Abu Dhabi, 14 fell and 12 advanced, while 6 ended unchanged on the Dubai Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.66% or 0.34 to $51.49 a barrel. Meanwhile, Brent oil for delivery in June rose 0.81% or 0.44 to hit $54.80 a barrel, while the June Gold Futures contract rose 0.42% or 5.25 to trade at $1253.75 a troy ounce.

USD/AED was up 0.01% to 3.6732, while EUR/AED fell 0.03% to 3.9175.

The US Dollar Index Futures was up 0.04% at 100.50.

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